Oxfam Report Highlights Growing Wealth Inequality in Australia

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 podcast The 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 $...

By Cait Kelly Inequality reporter