The Guardian
UK · 4 hrs ago
✦ 78← Left
Australia’s 178 billionaires are $25.7bn richer than last year as 3.7 million live in poverty
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Quality 78/100
Partisan intensity 62/100
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← Left ⚠ Misleading headline
Oxfam analysis of Australia's Rich List shows billionaire wealth increased by $25.67bn in the past year, with the 20 richest Australians holding more wealth than the bottom 3 million households combined.
Australia’s 178 billionaires are $25.7bn richer than last year as 3.7 million live in poverty
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 $686
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