Oxfam finds the 20 richest Australians now hold more wealth than the bottom 3 million households, analysis shows
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The wealth of Australia’s billionaires increased by $25.67bn in the past year, equivalent to almost $50,000 a minute, according to new Oxfam Australia analysis of the 2026 Australian Financial Review Rich List.
The anti-poverty organisation said the total wealth of Australian billionaires in 2026 has reached more than $686bn, while Acoss figures show 3,706,000 people live in poverty, including 757,000 children under 15 years.
Continue reading...This article was originally published by The Guardian and written by Cait Kelly Inequality reporter.
Read original article on The Guardian