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Billionaire Profile
Chris Ellison
Global Rank
#2931

Image: Parliament @ Work | CC BY 3.0 au | via Wikimedia Commons

Chris Ellison

CEO, Mining
Perth, Australia
Real-Time Net Worth
$1.30B
Estimated based on Mining stock value as of August 24, 2026
0% (24h)
Age
68
Source
Mining
Industry
Metals & Mining
Citizenship
Australia

Biography

Christopher James Ellison MNZM, born circa 1957, is a prominent figure in the Australian mining sector. As the founder of Mineral Resources (MinRes), Ellison has built a significant fortune through his strategic involvement in mining services, iron ore, and lithium production. His career began with ventures like Karratha Rigging and Genco Ltd, but his greatest success came with the founding of MinRes in 2006. By 2022, Ellison's stake in the company, which mines both iron ore and lithium, was valued at approximately 12%, contributing significantly to his wealth. In 2022, he was appointed as a Member of the New Zealand Order of Merit. Although facing controversies that led to his planned departure from the managing director role, his impact on the mining industry and his achievements remain notable.

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Data Updated
Aug 23, 2026
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Wealth Over Time

Net Worth History

YearNet Worth
2026$1.30B
2025$1.20B
2024$1.20B
2023$1.60B
2022$1.60B
2021$1.60B
2020$1.01B

Portfolio Holdings

Mineral Resources

Mineral Resources

MINmetals-mining
$650M
Holdings Value
Ownership
11.5%
Market Cap
$10.3B
Stock Price
$56.85
Revenue
$5.30B
Perth, Western Australia
8,460 employees
Founded 2006

In-Depth Profile

Early Life

Christopher James Ellison was born in New Zealand around 1957. He grew up on a farm outside Dunedin and attended Otago Boys' High School, leaving at age 15. His upbringing instilled in him a strong work ethic and an early interest in practical opportunities, setting the stage for his future career in the resources sector.

Rise to Success

In 1978, Ellison moved to Karratha, Western Australia, where he established Karratha Rigging. The company secured a key contract to support pipeline work for the North West Shelf gas project. In 1986 he established Genco Ltd, which was acquired by engineering firm Monadelphous Group in 1988. Despite facing financial setbacks in the early 1990s, Ellison's career rebounded significantly with the founding of Mineral Resources (MinRes) in 2006. MinRes merged three mining services firms: pipeline contractor PIHA, ore-crushing firm Crushing Services International (CSI), and Process Minerals International (PMI). This strategic move allowed him to establish a diversified resources operator, focusing on iron ore, lithium, and mining services.

Key Business Strategies

Ellison's success is closely tied to his strategic vision of creating an integrated mining services business. MinRes's model focused on providing rapid, capital-light crushing, processing, and pipeline solutions. The company's growth was fueled by strategic JVs and vertical integration. MinRes has established itself as a significant player with a market capitalization of AUD 10.28 billion as of March 25, 2026. Ellison's leadership has been critical in expanding MinRes into a diversified resources producer focused on iron ore, lithium, and mining services.

Philanthropy

In November 2024, Ellison committed to donating A$5 million to an undisclosed charity over five years. On October 1, 2025, he made a personal donation of A$100,000 to Worthy Australia, a nonprofit providing support to women and children escaping domestic violence and other crises.

Career Milestones

1978

Founded Karratha Rigging

Established a rigging firm in Karratha, Western Australia, securing contracts in the mining sector.

1986

Founded Genco Ltd

Established Genco Ltd, acquired by Monadelphous Group in 1988.

2006

Founded Mineral Resources (MinRes)

Co-founded Mineral Resources through the merger of three mining services firms, later listed on the ASX.

2022

Member of the New Zealand Order of Merit

Appointed as a Member of the New Zealand Order of Merit in 2022 for business contributions.

2023

Non-Executive Chairman of Delta Lithium

Appointed non-executive chairman of lithium explorer Delta Lithium.

Philanthropy & Social Impact

General Charitable Giving

Undisclosed Charity

$5M

Committed to donating A$5 million over five years.

Domestic Violence Support

Worthy Australia

$0.1M

Made a personal donation to a nonprofit providing support to women and children.

Health

Perth Children's Hospital Foundation

$1M

Pledged $1 million to support the Rare Care Centre at Perth Children's Hospital.

Business Philosophy & Leadership

Notable Quotes

"I want to hold them [staff] captive all day long. I don't want them leaving the building … I don't want them walking down the road for a cup of coffee."

Leadership Principles

Emphasis on Control

Ellison has expressed a preference for keeping employees in the office and discouraging external activities, which reflects a hands-on management style.

Strategic Vision

Ellison has demonstrated strategic vision in developing and growing Mineral Resources, focusing on integrated mining services and resource development.

Controversies & Challenges

2024

Tax Investigation

An internal investigation uncovered personal tax arrangements involving undeclared offshore income, leading to Ellison agreeing to repay nearly A$9 million and step down from his role.

Billionaires Connected to Chris Ellison

Richest in Australia

All billionaires from Australia

Adjacent Global Ranks

Full global ranking

Frequently Asked Questions

What is Chris Ellison's net worth in 2026?
As of 2026, Chris Ellison's estimated net worth is $1.301 billion, ranking #2931 among the world's billionaires. The estimate is based on publicly available shareholding data and market prices, updated daily.
How did Chris Ellison make their money?
Chris Ellison's wealth primarily comes from Mining, most notably through Mining.
Where is Chris Ellison from?
Chris Ellison is from Australia.
How old is Chris Ellison?
Chris Ellison is 68 years old.

Sources & References

  1. Chris Ellison — Forbes profile Forbes