Billionaire wealth in Australia growing: report

A report released this week shows Australia’s 47 billionaires take home around $67,000 an hour. over 1300 times more than the average Australia.

The report called ‘Takers not Makers’ by Oxfam also found billionaire wealth comes from inheritances, cronyism, and ongoing historical colonialism. 

Image: Image by Shutterstock

Produced By: Eduardo Jordan

Featured In Story: Rod Goodbun – Executive Lead Public Engagement at Oxfam Australia

First aired on The Wire, Tuesday 21 January 2025