Business
Australia’s billionaires became 50% richer during pandemic – The Guardian
Combined wealth rises by 52.4% in the past year – ‘turbocharging’ inequality
The combined wealth of Australian billionaires has risen by more than 50% over the past year, new figures show, prompting concerns that the pandemic-triggered recession has turbocharged the gap between rich and poor.
The combined net worth of Australias billionaires dropped in March when Covid-19 restrictions ramped up before rebounding strongly and increasing throughout the course of the year, according to the Bloomberg Billionaires Index.
The combined worth of Australian billionaires was assessed…
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