Oxfam Australia
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Australia’s 178 billionaires are $25.7bn richer than last year as 3.7 million live in poverty
Oxfam finds the 20 richest Australians now hold more wealth than the bottom 3 million households, analysis shows Get our breaking news email, free app or daily news podcastThe wealth of Australia’s billionaires increased by $25.67bn in the past year, equivalent to almost $50,000 a minute, according to new Oxfam Australia analysis of the 2026 Australian Financial Review Rich List. The anti-poverty organisation said the total wealth of Australian billionaires in 2026 has reached more than...
Australia’s 178 billionaires are $25.7bn richer than last year as 3.7 million live in poverty
Oxfam finds the 20 richest Australians now hold more wealth than the bottom 3 million households, analysis shows Get our breaking news email, free app or daily news podcastThe wealth of Australia’s billionaires increased by $25.67bn in the past year, equivalent to almost $50,000 a minute, according to new Oxfam Australia analysis of the 2026 Australian Financial Review Rich List. The anti-poverty organisation said the total wealth of Australian billionaires in 2026 has reached more than...
Australia hits its highest number of billionaires on record. Do we need more?
In short: Australia has its highest number of billionaires on record, at 178 — up 17 from last year — with total wealth exceeding $686 billion, according to Oxfam analysis. The report finds the collective wealth of Australia's billionaires increased by $25.67 billion over the past year — equivalent to almost $50,000 per minute. The increasing number of Australian billionaires has led to divided views on how it will impact the nation's prosperity.