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Australia has slightly fewer billionaires, but their wealth is still increasing says Oxfam

Australia has slightly fewer billionaires, but their wealth is still increasing says Oxfam

Australia's rich keep getting richer, with the top 1 per cent of Australians having more than double the wealth of the entire bottom 50 per cent — or more than 12.5 million people – according to Oxfam.

by Shared by The ABC | 20 Jan, 2020

GST on low-value goods measure exceeds expectations

Oxfam’s annual list highlighting inequality has found the number of billionaires in Australia decreased from 43 in 2018 to 36 in 2019, but that the number has more than tripled over the past 10 years and the value of their wealth is still increasing.

Read more at the ABC.

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