28 May 2008

Number 157

Alan Bond is no 157 on the BRW Rich List:

Former billionaire Alan Bond is back in the money, placing 157th on a list of richest Australians with a relatively small but still respectable estimated wealth of $265 million.

Bond, who hit rock bottom in 1992, earns his spot on the 2008 BRW Rich 200 list mainly through interests such as holdings in Madagascar Oil and Lesotho Diamond Corporation.

The former media proprietor last made the list in 1989, after peaking in 1987 at fourth spot with $400 million.

His return to the 200 comes eight years after he was released from jail and coincides with the Packer family losing its spot atop Australia's annual rich list for the first time in 20 years.

Such is life in modern Australia.

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