Australian billionaires’ wealth surges by $88 million per day over decade, report reveals deepening inequality

Australian billionaires’ wealth surges by $88 million per day over decade, report reveals deepening inequality

Number of billionaires more than doubles as millions face cost-of-living crisis - Anadolu Ajansı

2,450 Australians have a net worth of $46m – but a generational shift is looming

Australia’s richest collectively own 3.3 per cent more wealth than last year, with 22 per cent of it projected to be transferred to beneficiaries in five years, according to Capgemini’s annual report. Australia’s richest collectively own 3.3 per cent more wealth than last year. Image: Getty High net worth individuals (HNWI) in Australia are worth more than ever, according to Capgemini research, overseeing a pool of more than AUD$1.6 trillion in …