‘It matters if you have a parent with an expensive house’: how Australia’s great wealth transfer threatens faith in the fair go

The massive $5.4tn intergenerational asset shift looming over the next two decades is one of the biggest challenges the country faces. What will it mean?

Three Australian millionaires say the nation’s super-rich should face higher taxes

Dick Smith, Graham Marr and Richard Barnes are the only Australians among 400 millionaires and billionaires globally to sign an open letter calling for higher taxes on the super rich ...
World Socialist Web Site

Australian Rich List shows acceleration of wealth accumulation over 40 years

The 2024 edition of the annual Rich List published by the Australian Financial Review (AFR) reports that the 200 wealthiest Australians now control $625 billion, up by 11 percent from last year’s ...

Australia’s 50 Richest 2026: Stronger Australian Dollar Powers Tycoons’ Wealth To $254 Billion Amid Global Headwinds

Amid global uncertainty unleashed by U.S. tariffs and geopolitical tensions, resource-rich Australia remained somewhat resilient. Thanks partly to a rising Australian dollar, up 9% in the past year, ...
Reuters

AMP names Blair Vernon as CFO, dissolves Australian wealth management structure

May 29 (Reuters) - Australia's AMP (AMP.AX), opens new tab said on Monday Blair Vernon will take over from Peter Fredricson as its chief financial officer and will dissolve the structure of its local ...

Wealth of Australia’s 50 richest on Forbes list rises 4% to US$254 billion

The collective wealth of the 2026 Forbes list of Australia’s 50 Richest rose US$11 billion to $254 billion.