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Showing 1 - 10 of 10 results for "Australian billionaires"

Oxfam calls for net wealth tax

ELIZA BAVIN  |  MONDAY, 19 JAN 2026
The average Australian billionaires' wealth grew by almost $600,000 a day in the past year, or over $10.5 billion collectively, Oxfam research found. Globally, billionaire wealth jumped by over 16% in 2025, three times faster than the past five-year ...

Australia's billionaire boom branded 'morally wrong' by Oxfam

ANDREW MCKEAN  |  TUESDAY, 3 JUN 2025
The ranks of Australian billionaires have more than doubled over the past decade, accumulating wealth at $137 million per day on average - $95,000 per minute, according to Oxfam Australia. Its acting chief executive Christina Muli described this as ...

Aussie billionaires make $67k per hour: Oxfam

KARREN VERGARA  |  WEDNESDAY, 22 JAN 2025
Australian billionaires earn $67,000 an hour, according to a new report from Oxfam, which is 1300 times more than what everyday workers make. The 47 billionaires based in Australia saw their wealth rise by more than 8% or $28 billion last year, the ...

Australia home to 43 billionaires: UBS

KARREN VERGARA  |  MONDAY, 16 DEC 2024
... ($22.8bn), and Nicola Forest and Andrew Forest ($17bn each). Given the continued growth in the number of Australian billionaires, head of UBS global wealth management for Australia Michael Marr said something within this "we're watching closely is ...

Income inequality elevated, spikes: Oxfam

KARREN VERGARA  |  TUESDAY, 16 APR 2024
... north own 69% of global wealth and are home to 74% of the world's billionaire wealth. The total wealth of Australian billionaires increased by 70.5% or US$120 billion in the same period. "Meanwhile, people worldwide are working harder and longer hours ...

First trillionaire to emerge in next decade: Report

JAMIE WILLIAMSON  |  MONDAY, 15 JAN 2024
... Triguboff has more than doubled since 2020, with each gaining about $1.5 million per hour. The total wealth of Australian billionaires increased by 70.5% or $120 billion in the same period. If global trends are to continue, it will take 229 years to ...

Australia's 1% just keep getting richer: Study

CHLOE WALKER  |  TUESDAY, 17 JAN 2023
... that a wealth tax of 2% on those with wealth above $7 million, 3% with wealth above $67 million and 5% on Australian billionaires alone would raise $29.1 billion dollars annually. It said that this would be enough to increase the foreign aid budget by ...

Australian billionaires double fortunes during pandemic: Oxfam

CHLOE WALKER  |  MONDAY, 17 JAN 2022
The wealth of Australia's 47 billionaires has doubled to $255 billion in the last two years, according to anti-poverty charity Oxfam. A briefing published today by Oxfam, Inequality Kills, has warned of the deadly nature of the world's growing ...

Billionaires profit from pandemic: Report

KARREN VERGARA  |  FRIDAY, 29 JAN 2021
... the COVID-19 pandemic, a global survey highlighting the widening income-inequity gap shows. Thirty-one Australian billionaires saw their bank balances swell between March and December 2020 in Oxfam's latest report The Inequality Virus. The majority of ...

Australia's wealth gap deepens: Oxfam

KARREN VERGARA  |  TUESDAY, 23 JAN 2018
Australian billionaires amassed a $115.4 billion fortune in FY17, representing a 140% jump since the Global Financial Crisis, according to an Oxfam analysis. The Oxfam Growing Gulf Between Work and Wealth paper found Australia's richest 1% had more ...
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