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Billionaire James Packer's strong run as a technology stock picker has helped him record a huge net profit of almost $600m for his private investment vehicle this year and also boosted his asset base by about $620m, thanks to the soaring share prices of US giants Nvidia and Meta, reports John Stensholt, editor of The List: Australia's Richest 250.

Meanwhile, shareholders hit the ASX with a “first strike” over executive pay in a move acknowledged by its outgoing chairman Damian Roche as a “clear” sign of dissatisfaction in the wake of damaging charges from the corporate regulator over a troubled technology project.

And iron ore junior Equinox Resources has begun a legal battle with the West Australian government and one of the most powerful traditional owner groups in the country after being refused permission to continue work on part of its mining lease based on Aboriginal heritage concerns.