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Hilarious case of mistaken identity lands little-known politician on Australia's rich list with a $53MILLION fortune (and no one seems to have noticed)

A federal MP in his early fifties was confused for someone 18 years his junior for one simple reason - they share the same name.

Keith Pitt has made The Australian Financial Review's Young Rich List for having a $53million fortune and came in at No. 67 on the elite 100 rankings. 

The successful entrants had to be 40 or younger.

Confusing readers, online at least, the prestigious publication pictured a Keith Pitt who is 51 - clearly making him ineligible.

A powerful man in his early fifties called Keith Pitt was confused for someone 18 years his junior for one simple reason - they share the same name

A powerful man in his early fifties called Keith Pitt was confused for someone 18 years his junior for one simple reason - they share the same name

The rightful Keith Pitt is 33 and is the co-founder of software developer Buildkite.

Like his namesake, he also wears glasses but unlike the other Keith Pitt, the younger one has a beard and lives in Perth.

The senior Keith Pitt, who is also the federal Resources Minister Minister, saw the funny side.

'I'm flattered that AFR thinks I only look 33 years old,' he told Daily Mail Australia.

'I've also never had a bushy beard in all my life.

'I'm sure my wife and family are as surprised as I am to hear that I've made AFR's Young Rich List this year.'

Keith Pitt has made The Australian Financial Review's Young Rich List for having a $53million fortune and came in at No. 67 in the elite 100 rankings. The successful entrants had to be 40 or younger. Confusing readers, online at least, the prestigious publication pictured a Keith Pitt who is 51 - clearly making him ineligible

Keith Pitt has made The Australian Financial Review's Young Rich List for having a $53million fortune and came in at No. 67 in the elite 100 rankings. The successful entrants had to be 40 or younger. Confusing readers, online at least, the prestigious publication pictured a Keith Pitt who is 51 - clearly making him ineligible

The minister and federal member for Hinkler, whose electorate takes in the Queensland sugarcane city of Bundaberg, has much more modest wealth than the other Keith Pitt.

His pecuniary interest register includes the KJ and AJ Pitt Family Trust, which he runs with his wife Allison.

Politicians, however, have previously featured on the prestigious Rich List.

Before becoming Liberal prime minister, Malcolm Turnbull in 2010 made the old Business Review Weekly's at No. 197 with wealth of $186million.

Clive Palmer, a Queensland mining magnate who served one term in federal Parliament from 2013 to 2016, this year made the broader AFR Rich List as high iron ore prices saw his net worth double to $9.2billion - giving him a rank of No. 8.

The AFR later corrected the picture error online concerning Keith Pitt.

The rightful Keith Pitt is 33 and is the co-founder of software developer Buildkite. Like his namesake, he also wears glasses but unlike the other Keith Pitt, the younger one has a beard and lives in Perth

The rightful Keith Pitt is 33 and is the co-founder of software developer Buildkite. Like his namesake, he also wears glasses but unlike the other Keith Pitt, the younger one has a beard and lives in Perth

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