'Morally wrong': These billionaires' wealth could buy over 680,000 homes

billionaires’ wealth in Australia increase by $88 million per day

ANKARAAustralian billionaires have seen their wealth grow by an average of more than AUD$137 million (approximately $88 million) per day over the past decade, even as millions of Australians struggle with soaring living costs, according to a new analysis by Oxfam Australia...

Australia Now Has More Billionaires Per Capita Than the US or UK

The number of Australian billionaires has doubled from 74 in 2015, to 161 in 2025, amid what appears to be a billionaire boom. The total wealth of Australia’s richest people increased 160 percent to $667.8 billion over the past 10 years, with property being the most frequent source of wealth accumulation. The data, collated and released by anti-poverty organisation Oxfam, comes just days after mining magnate and businesswoman Gina Rinehart once …

'Morally wrong': These billionaires' wealth could buy over 680,000 homes

As housing becomes more unaffordable for the ordinary Australian, new analysis from Oxfam shows the nation's wealthiest are getting wealthier — and real estate is one of their biggest money-spinners.