Chris Wallin Net Worth

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.
Chris Wallin is a member of Energy

💰 Net worth: $1.3 Billion

2011 $1.3 Billion
2012 $1.3 Billion
2018 $1.3 Billion

Some Chris Wallin images

Biography/Timeline

1989

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.

2012

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.