Heloise Pratt
Source of wealth: Manufacturing, investment
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Modules
Biography
Heloise Pratt is the sister of fellow billionaires Anthony Pratt and Fiona Geminder.
The three siblings hold stakes in the Melbourne family's Visy Asia-Pacific packaging business.
Heloise reached a settlement with ex-husband Alex Waislitz in 2025, receiving A$325 million in cash.
She also built Thorney Investments with her ex-husband and later divested her shares following the settlement.
She also owns a stake in listed investment company Thorney Opportunities and has a property portfolio.
Financial Assets
The Great Lie of Mega-Fortunes: The Case of Heloise Pratt
Billionaires are often presented under the romantic myth of the 'self-made person': a narrative designed to justify opulence as the natural reward for hard work, effort, or ingenuity. However, when confronting such extreme volumes of wealth with macroeconomic reality, the meritocracy narrative completely breaks down. No individual can legitimately generate through personal effort a fortune equivalent to millions of times the average working-class salary. Capital at the top does not grow because of exceptional talent; it expands through an implacable dynamic where accumulated money works exponentially faster than people, devouring the wealth generated by productive labor.
The immense fortune of Heloise Pratt, linked to Manufacturing and 'Manufacturing, investment ', has not been built in a free-market vacuum, but through rent-seeking, the use of exclusive elite influence, the consolidation of monopoly positions, or inherited wealth. Far from taking real private risks, billionaire empires structurally depend on state support through direct subsidies, infrastructure use, exploitation of R&D, public contracts, and offshore tax engineering. While this wealth is equivalent to the physical weight of 10 tons of pure gold, the rest of the planet suffers from an artificial scarcity of basic resources. The fact that this wealth is enough to fully fund the public health system of DR Congo, a country with more than 105800000 million inhabitants for 0.6 years, proves that unlimited accumulation is not an entrepreneurial achievement, but the hijacking of democratic sovereignty.