Cherrybrook Technology High School, a comprehensive secondary school in Sydney's northwest, is the highest-earning public school over the five year period, amassing $131,029,343 after gleaning nearly $3 million from parents and private sources in 2017 alone.
The University of Melbourne, followed by the ANU and the University of Sydney are the best at producing wealthy people, according to research by New World Wealth. Studying business, economics and finance gives the best chance of becoming a high net worth individual.
Australians wanting to be in the country's top 1% for wealth need to have an individual net worth of US$5.5 million ($8.3 million), Knight Frank's 2023 Wealth Report has found.
With 126,900 millionaires, Sydney made it to number 10 with the report noting especially strong growth in wealth in the Harbour City over the past 20 years, making it Australia's wealthiest city. It's also predicted to reach the top 5 wealthiest cities in the world by 2040.
1. University of Sydney. The University of Sydney was established over 200 years ago and has since produced five Nobel Laureates and seven Australian Prime Ministers. However, getting into the University of Sydney is no walk in the park.
The University of Wollongong (UOW), established in 1951, often tops lists of the most beautiful campuses in Australia. Sandwiched between tree-covered mountains and the azure blue waters of the Pacific, the Wollongong campus exemplifies Australia's natural beauty.
Topping the list as Australia's most expensive private school is likely Victoria's Geelong Grammar School for the second consecutive year. Tuition for year 10 - 12 students at the elite secondary school will set parents back $46,020 a year in 2023, up 5.4 per cent on 2022.
1. Harvard University. The University produced 29 billionaires till 2021, of these 17 amassed their fortunes in the finance and investment industry. Some of them are Bitcoin twins Cameron and Tyler Winklevoss, former Goldman Sachs CEO Lloyd Blankfein, and Los Angeles Clippers owner Steve Ballmer.
What are some of the most expensive private in the U.S.? Some of the most expensive in the U.S. include Lawrenceville in Lawrenceville, New Jersey, with an annual tuition of $73,220, and the Kent in Kent, Connecticut, with an annual tuition of $69,950.
More Coverage. The eye-watering wealth on display in the report is a stark difference to most Australians' perception of what it takes to be considered rich. The Finder survey which asked 1000 people what it took to be rich and found that earning $336,516 per year was the magic number.
Only another 14.9 per cent had taxable incomes exceeding $80,000 a year. So a taxpayer with an income of $80,000 a year is therefore in the top 20 per cent of Australians.
People in the census's very top income bracket, like you, earn at least $156,000 a year — or $3,000 a week — before tax. At census time, there were about 596,531 people in Australia above that income level — or 3.8 per cent of income earners.
In broader terms, the finance and investment profession has the most millionaires. It also has the most billionaires, with 371. Here's a list of the seven best careers if you want to be a millionaire.
The financial service industry has created the most millionaires in modern times. The financial system manages the money of people worldwide.
John D. Rockefeller became the world's first billionaire by measurable dollars. The Standard Oil Company founder became a billionaire in 1916 and was worth about 2% of the national economy. According to Forbes, the Rockefeller family's wealth stood at $8.4 billion as of 2020.
The Australian Taxation Office (ATO) analysed the tax returns of more than 15 million Aussies from the 2020-21 financial year to come up with the rich list. Double Bay took out the top spot, living up to its 'Double Pay' nickname, with residents of the 2028 postcode raking in an average annual income of $266,381.
Victoria's top 10 most disadvantaged suburbs
They include Sunbury, Langwarrin, Mornington, Ringwood, Cheltenham, Preston and Pascoe Vale. Government departments, town planners and social researchers often use this Index of Relative Socio-economic Advantage and Disadvantage (IRSAL) to identify areas of need.
Bellevue Hill, Sydney
In the centre of Sydney's east, some of Sydney's most awe-inspiring properties are nestled within Bellevue Hill's green hills. It takes out the title as the most expensive suburb in Australia, and for good reason. A meander through the suburb's spectacular streets says it all.