Chris Wallin’s profile picture

Chris Wallin

Chris Wallin’s profile picture
Net worth 2018: $1.3 Billion
Industry: Energy
Country: Australia
BIOGRAPHY

Chris Wallin was born in Australia. Thanks to weak global demand for coal, suffered a 40% plunge in his net worth, greater than anyone who remains on list. Falls 20 spots. Former Queensland government geologist used his intimate knowledge of the industry to carve out a niche as a backroom player. Started his QCoal in 1989 and 2 well-timed asset sales reaped handsome profits, but plans to develop mines are on hold.

NET WORTH STATISTIC
2011

$1.3 Billion

2012

$1.3 Billion

2018

$1.3 Billion

TIMELINE
Chris Wallin is an Australian businessman.He grew up in Moorooka, a suburb of Brisbane. His father was a banker. He attended Brisbane State High School. He attended the University of Queensland on state and commonwealth scholarships, and he graduated with a Bachelor of Science in Geology.He worked as a geologist for the Department of Mines and Energy of the Government of Queensland. After he quit his government job, he made his fortune by investing in coal. His company, created in 1989, is called QCoal. He digs coal from the Bowen Basin, including the Sonoma Coal mine. He formerly sold coal to Macarthur Coal and Cleveland-Cliffs. He now sells to JFE Holdings.He lives in The Gap neighbourhood of Brisbane, and he is the second richest man in Queensland. As of March 2012, he is worth an estimated US$1.2 billion or AUS3.78 billion.
(4.8/182 votes)
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