Labor’s billionaire-linked donors revealed after Anthony Albanese attacked One Nation over Gina Rinehart support
Originally published by Oscar Godsell of Sky News
22.06.2026
SkyNews.com.au has uncovered billionaire backers supporting Prime Minister Anthony Albanese, after he lashed out at One Nation for receiving support from Gina Rinehart.
Analysis of Australian Electoral Commission disclosures showed Mr Albanese’s Labor Party benefitted from a handful of billionaires in financial year 2024-25.
These include rich listers who have either personally donated to Labor or whose companies and investment vehicles have provided financial support to the party.
Among them were billionaires Anthony Pratt through Pratt Holdings, Lindsay Fox through Fox Group and Linfox Property Group and Kerry Stokes via Australian Capital Equity.
There were also donations from Andrew Forrest through Fortescue Metals Group and Tattarang, Meriton founder Harry Triguboff and gambling entrepreneur Edward Craven.
Labor also received donations from Manildra Holdings, chaired by billionaire Dick Honan and Coinbase, founded by billionaires Brian Armstrong and Fred Ehrsam.
Pratt Holdings, controlled by Anthony Pratt, disclosed two donations of $1 million each to the ALP.
Fox Group Holdings, linked to Lindsay Fox, provided a $500,000 donation and additional receipts, while Linfox Property Group also gave $10,000 to the party.
Australian Capital Equity, the private investment company of Kerry Stokes, donated $200,000 to the Western Australian branch of Labor.
Victorian Labor received two donations of $150,000 from billionaire bookmaker Edward Craven.
Meriton Properties, founded by billionaire developer Harry Triguboff, also donated $100,000 to the Labor Party.
Labor also received receipts from Fortescue Metals Group and Tattarang, both associated with Andrew and Nicola Forrest.
The revelations come after Mr Albanese attacked his surging rival, Pauline Hanson, for receiving a roughly $1.5 million jet from billionaire Gina Rinehart.
A spokesman for Hancock Prospecting confirmed the brand new Cirrus G7 was donated to Senator Hanson by a company owned by Ms Rinehart.
Ms Rinehart also personally gave Senator Hanson a giant orange toy bulldozer at the News Corp Future Townsville Forum.
“The fact is that One Nation pretend that they stand for battlers whilst getting planes given to them by Australia’s richest person,” Mr Albanese said.
He accused One Nation of “receiving donations from some of the very wealthiest people”, while pledging to make it easier for businesses to dismiss employees.
According to the latest Sky News Pulse / YouGov survey, conducted from June 9 to 16, One Nation has captured 28 per cent of the primary vote, ahead of Labor on 26 per cent.
Mr Albanese has grown increasingly frustrated at the rise of One Nation, complaining about the media coverage the party and its leader have received.
The Prime Minister complained about Senator Hanson receiving “effectively a free ad” over media coverage about her raising $4 million for her “Fire the Liar” campaign.
“They get a run in the media, they had an ad for their fundraising campaign, effectively a free ad, in one of the mainstream publications,” he said.
“We’ll continue to actually be interested in making a difference to people’s lives and that is what we will focus on.”
Senator Hanson received widespread coverage in the wake of her first ever National Press Club address, where she was met with protests.
She used her speech to outline One Nation’s platform despite the interruptions, following claims from the Albanese government the party does not have any policies.
The One Nation leader identified immigration, energy, cultural issues, and government spending as key concerns.
The party has been met with questions about how it would fund its election promises, after claiming it would increase defence spending to 3.5 per cent of GDP.
Senator Hanson told Sky News a One Nation government would lift defence spending to 3.5 per cent of GDP, based on the domestic calculation of the figure.
“We need to increase it. I’d like to see more defence spending in drones and missiles,” she said.
“Probably around about $70 or 80 billion I suppose it would be, but I’m looking at 3.5 per cent of the GDP.”
Lifting Australia’s defence spending to 3.5 per cent of GDP would cost taxpayers $97 billion, according to the Australian Strategic Policy Institute.
While it’s unusual for parties – particularly minor parties – to have fully costed policies, there remain questions about One Nation’s ability to fund its defence commitment.
