It's official: the most common path to ultra-wealth in Australia is property, with 50 of the BRW Rich 200 making their fortune from bricks and mortar.
These 50 property rich listers, with their doyen Harry Triguboff at the top of the list after 31 years, are now worth a collective $68 billion.
That is almost three times the value of 16 resources rich listers who are now worth a collective $23 billion.
That divergence has happened rapidly and followed the simultaneous take-off of property values around the country and big drop in resource prices.
As recently as 2013, the gap between the collective worth of property and resource rich listers was a modest $7 billion.
That gap has widened five-fold to $45 billion as property rich listers grew their collective wealth by one-third between 2013 and 2016, while resource rich listers saw their collective wealth fall by almost half in the same time period.
Two well-known rich listers illustrate the changing fortunes of property and resources.
In 2013, Gina Rinehart was worth $22 billion, while Triguboff was worth $4.95 billion.
Just four years later, Ms Rinehart's wealth has fallen to $6 billion (with $900 million going to her daughter Bianca), while Mr Triguboff's value has doubled to be more than $10 billion.
The number of rich listers making up each industry grouping have been relative steady over time.
The 50 property rich listers include household names such as Frank Lowy, John Gandel and Lang Walker. There are also a small group of young property developers - Tim Gurnder, Paul Blackburne and Jonathan Hallinan - who have made their debut on to the BRW Rich 200 list this year.
Source: Financial Review