No suburb in the country features a greater concentration of members of The List – Australia's Richest 250 than Toorak, where Melbourne's wealthiest families have gathered for decades. Think historic looking mansions guarded by large hedges set back from the street to ensure privacy.
Sydney has featured in the top ten of the world's wealthiest cities with 35 per cent growth of high-net-worth individuals in the past decade.
Forbes' real-time data shows that as of April 2023, there are 50 Australian billionaires on the list of the world's richest people.
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.
In 2020 Australia had 117 billionaires. In 2021 it was 122 billionaires. In 2022 it increased to 131 billionaires, and in 2023 139 billionaires were included in the list. West Australian mining magnate Gina Rinehart was the wealthiest individual on the list for the third consecutive year with a net worth of $37.1b.
Gina Rinehart
Gina Rinehart has kept the top spot on the rich list once again. The mining magnate has an estimated $37.1 billion. Her wealth derives from the privately owned mining company Hancock Prospecting, founded by her father Lang Hancock.
1. Gina Rinehart: $44.33 billion. "Amid fluctuating iron ore prices, Gina Rinehart maintains her position as the country's richest person," Forbes said.
The postcode 6710, which covers a slice of North-Western Australia from the Pilbara town of Cane to the coastal town of Onslow, is officially Australia's richest, with residents earning a median wage of $2,000 a week, or $104,000 a year.
Queensland has the best-performing economy in Australia, according to CommSec's latest State of the States report. The Sunshine State has been named the top-performing state economy, thanks to strong population growth, a solid job market and overseas demand for energy resources, such as coal and natural gas.
In 2019-20, a household at the 90th percentile of the distribution – that is, a household that is richer than 90 per cent of households – had a net worth of $2.26 million. A household at the 10th percentile was worth just $36,900, or 61 times less.
Baby Boomers own half of Australia's wealth, despite being just one-fifth of the population.
In broader terms, the finance and investment profession has the most millionaires. It also has the most billionaires, with 371.
New York is the wealthiest city in the world—home to 345,600 millionaires with a total private wealth that exceeds $3 trillion. New York is home to many Fortune 500 companies and is the financial heart of the United States, with the New York Stock Exchange and NASDAQ located in the Big Apple.
In 2016, the Australian Taxation Office listed Mungallala as having the lowest mean taxable income by postcode, making it the poorest town in Australia, which led the ABC to do a documentary on the town for their online "storyhunters" program.
Sydney, New South Wales.
The worst performing states are Tasmania, with incomes 26% below the national income and wealth average, as well as South Australia which is 19% below the average household income and 20% below the national net wealth.
Australians are the richest people in the world, with a median wealth three times that of the average American, a new report has shown.
The mining magnate Gina Rinehart is Australia's biggest landholder, controlling more than 9.2m hectares, or 1.2% of the entire landmass of the country, according to data compiled by Guardian Australia.
Loyola, Los Altos, California
Loyola, California, is the richest neighborhood in America. The average household income in Loyola is $326,069, with the median income a little lower at $246,563.
Canberra is most likely the safest city in Australia, with a substantially lower crime rate. Because of its fascinating attractions, Canberra has been ranked as one of the foremost places to live in Australia for family immigrants. Canberra's cost of living is lower than its costly counterparts such as Melbourne.
Mining magnate Gina Rinehart is Australia's richest woman with an estimated $36.7 billion fortune, followed by fellow West Australian Nicola Forrest, who debuts on the list with a $16.5 billion fortune thanks to her increased activity within investment group Tattarang, including its recent investment in fashion label ...
New research from Roy Morgan shows that the CBA is the clear leader when it comes to banks used by the wealthiest 10% (top decile) of the population, with more than a third (36.7%) being customers.