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Showing 1 - 10 of 67 results for "Richest 1%"

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 ...

Removing CGT breaks could boost budget by $22.7bn: Report

ANGELIQUE MINAS  |  FRIDAY, 10 OCT 2025
A new report by anti-poverty organisation Oxfam Australia (Oxfam) revealed nearly 50% of the capital gains tax discount went to 24,000 people who earned over $1 million in 2022-2023. Findings indicate that on average, each of these individuals received ...

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 ...

Family offices favour real estate: Study

KARREN VERGARA  |  MONDAY, 28 APR 2025
The world's richest families love to invest in real estate more than any other asset classes, a new analysis shows, as more than half feature property in their portfolios. The research conducted by familyofficehub, a provider of global family office ...

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 ...

$3m super tax will level playing field: Australia Institute

KARREN VERGARA  |  TUESDAY, 21 JAN 2025
Laws that will double the tax on earnings of superannuation balances over $3 million, which were shelved in late 2024, will make the system fairer particularly as many are doing it tough, The Australia Institute says. The Australia Institute chief economist ...

Australia home to 43 billionaires: UBS

KARREN VERGARA  |  MONDAY, 16 DEC 2024
Australia has consistently produced billionaires over the last 10 years and is home to 43 of the richest people in the world, according to a new report from UBS. Australia gained two billionaires over the course of 2024 - the majority of which (77%) ...

US election to add to inflation woes: Experts

ELIZA BAVIN  |  TUESDAY, 5 NOV 2024
As the countdown begins to one of the most contentious election cycles in US history, experts are weighing in on how either a Republican or Democratic win may impact markets. US shares were lower on Monday (local time) ahead of the election, as polls ...

Nobel laureates link economic prosperity to colonialism

JAMIE WILLIAMSON  |  TUESDAY, 15 OCT 2024
Three academics who were able to explain why some countries are richer than others have taken home the 2024 Nobel Prize for Economics. The award, named the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, was presented to Daron ...

Short-termism damaging Australian economy: CEDA

ELIZA BAVIN  |  TUESDAY, 27 AUG 2024
Australia must move beyond pervasive short-termism and lift its policy ambitions if the nation is to reach its economic potential, according to the Committee for Economic Development of Australia (CEDA). "Our record of almost three decades of economic ...
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