Australian billionaires increased their wealth by almost $600,000 a day on average over last year, report shows
Data collected by Oxfam shows 48 billionaires hold more wealth than bottom 40% of the population – 11 million people – combinedGet our breaking news email, free app or daily news podcastAustralian billionaires increased their wealth by almost $600,000 a day on average over the past year, or...
<p>Data collected by Oxfam shows 48 billionaires hold more wealth than bottom 40% of the population – 11 million people – combined</p><ul><li><p>Get our <a href="https://www.theguardian.com/email-newsletters?CMP=cvau_sfl">breaking news email</a>, <a href="https://app.adjust.com/w4u7jx3">free app</a> or <a href="https://www.theguardian.com/australia-news/series/full-story?CMP=cvau_sfl">daily news podcast</a></p></li></ul><p>Australian billionaires increased their wealth by almost $600,000 a day on average over the past year, or more than $10.5bn collectively, new analysis by Oxfam reveals.</p><p>The anti-poverty organisation, which released the information in a report on Monday, used its findings to call for an end to negative gearing and capital gains discounts, concessions which are <a href="https://www.theguardian.com/australia-news/2026/jan/13/nsw-government-capital-gains-tax-discount-negative-gearing-australia-housing-affordability">now being examined in a federal inquiry.</a></p> <a href="https://www.theguardian.com/australia-news/2026/jan/19/australian-billionaires-increased-their-wealth-by-almost-600000-a-day-on-average-over-last-year-report-shows">Continue reading...</a>
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