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Australia’s median wealth falls almost 7% since 2020 despite the rich getting richer, report says
The Guardian World
Thursday 02 July 2026, 15:00 UTC
By Patrick Commins Economics editor
1 min read
Key Points
Swiss bank UBS finds ‘growing divide between the wealthiest and the broader population’ as country adds more than 25,000 more millionairesGet our breaking news email, free app or daily news podcastMiddle Australia’s wealth is going backwards while the richest claim an ever-greater share of the pile, according to new research that shows more than 25,000 people across the country became millionaires last year. The latest global wealth report from the Swiss bank UBS said 2025 marked “an...
Swiss bank UBS finds ‘growing divide between the wealthiest and the broader population’ as country adds more than 25,000 more millionaires
Middle Australia’s wealth is going backwards while the richest claim an ever-greater share of the pile, according to new research that shows more than 25,000 people across the country became millionaires last year.
The latest global wealth report from the Swiss bank UBS said 2025 marked “an extraordinary year”, in which close to a million new millionaires were created worldwide – a record increase in a single year.
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Originally published by The Guardian World
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