Analysis shows local billionaire wealth rose by 8% last year, meaning tycoons such as Gina Rinehart make 1,300 times more than average person’s payWealth of world’s billionaires grew by $2tn in 2024, report findsFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastAustralia’s 47 billionaires take home an average of A$67,000 an hour, over 1,300 times more than the average Australian, new Oxfam analysis reveals, as the anti-poverty organisation calls for the major parties to tax the fortunes of the super-rich to tackle inequality.Using data from Forbes’ real-time billionaires list –
