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flag Australian billionaires gained $600K/day in 2025, outearning the bottom 40% combined, Oxfam reports.

flag Australian billionaires gained an average of nearly $600,000 per day in 2025, with their collective wealth surpassing that of the bottom 40% of the population, according to an Oxfam report. flag The findings highlight growing inequality, as one billionaire’s annual gain equals the income of over 2,000 average workers. flag Despite widespread financial hardship, including poverty and food insecurity, tax policies like capital gains discounts and negative gearing are seen as boosting wealth concentration. flag Oxfam urges reforms, including a wealth tax, to fund childcare, energy relief, and aid, amid a federal inquiry into tax fairness.

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