Three richest Australians’ combined wealth doubles since 2020 at $1.5m an hour – Oxfam

Report says combined fortunes of Gina Rinehart, Andrew Forrest and Harry Triguboff doubled between 2020 and 2023, while one in eight Australians live in poverty

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The combined wealth of the three richest Australians – Gina Rinehart, Andrew Forrest and Harry Triguboff – has more than doubled since 2020 at a staggering rate of $1.5m an hour, according to new analysis from Oxfam.

The report looked at increasing wealth inequality across the world and, using data from Forbes, found the total wealth of Australia’s richest billionaires increased by 70.5% or $120bn between 2020 and 2023.

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