Billionaire Profile
Chris Wallin
Global Rank
#1958

Image: Public domain | via Wikimedia Commons

Chris Wallin

CEO, QCoal Group
AU
Real-Time Net Worth
$2B
As of December 2025
Age
72
Source
Mining
Industry
metals-mining
Citizenship
AU

Biography

Chris Wallin is an Australian geologist and businessman, recognized for his significant contributions to the mining sector. As the Managing Director of QCoal Group and Chairman of the QCoal Foundation, Wallin has been instrumental in developing Queensland's coal resources. His career, which began with a geology degree from the University of Queensland, led to his founding of QCoal in 1989. Under his leadership, QCoal has operated several mines in the Bowen Basin. Wallin's net worth is estimated at $2.0 billion as of 2024, and he is known for his philanthropic efforts, particularly through the QCoal Foundation, supporting education, health, and community development. He is known for his commitment to sustainable mining practices and has been involved in the industry for over 40 years.

Wealth Over Time

In-Depth Profile

Early Life

Chris Wallin, born in 1953, grew up in Moorooka, Brisbane, Australia. He attended Brisbane State High School, where he developed a keen interest in geology, rocks, minerals, and soils. His father fought in World War II, influencing Wallin's values of community and giving back. This early fascination with geology led him to pursue a Bachelor of Science in Geology at the University of Queensland.

Rise to Success

After graduating, Wallin began his career as a geologist with the Department of Mines and Energy of the Government of Queensland. During his time there, he discovered significant coal deposits throughout Queensland. In 1989, he founded QCoal to develop these deposits into operating mines. QCoal has since become a prominent coal mining company, operating several mines in the Bowen Basin, including the Sonoma mine, Drake mine, and Byerwen mine. His leadership propelled QCoal to become a major player in Queensland's mining sector.

Key Business Strategies

Wallin's business strategy at QCoal has focused on developing metallurgical coal resources, a commodity with consistent demand. He adopted a phased investment model to balance exploration costs and ensure sustainable growth. His approach included forming partnerships to accelerate infrastructure development and production. QCoal's success has been marked by its focus on securing long-life, large-scale resources that meet the demands of global steelmakers. The company has also demonstrated resilience by adapting to industry challenges and prioritizing environmental stewardship.

Philanthropy

Chris Wallin is also the Chairman of the QCoal Foundation, a charitable organization established by QCoal to support various community initiatives. He is committed to social responsibility and has partnered with the Royal Flying Doctor Service since 2013. They launched a mobile dental service, providing free dental care to communities in central and northern Queensland. In 2018, QCoal was awarded Queensland Community Foundation's Corporate Philanthropist of the Year.

Career Milestones

1989

Founded QCoal Group

Established QCoal to develop coal deposits into operating mines.

2013

Partnered with Royal Flying Doctor Service

Launched a mobile dental service to provide free dental care.

2014

Queensland Miner of the Year

QCoal was awarded the Queensland Miner of the Year Award.

Philanthropy & Social Impact

Community Support

QCoal Foundation

$XB

Supports community initiatives focused on education, health, and community development.

Healthcare

Royal Flying Doctor Service Partnership

$XB

Provides free dental care to communities in central and northern Queensland.

Business Philosophy & Leadership

Notable Quotes

"God writes the songs….. I just hold the pen."