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Australia hits its highest number of billionaires on record. Do we need more?

Australia now has 178 billionaires — an increase of 17 from last year — who collectively hold more than $686 billion in wealth, sparking debate about the advantages and disadvantages of the growing number of…

1 report1 sourceJun 1, 2026, 2:01 PM
FilterABC Australia
Clustered coverageABC Australia
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ABC AustraliaJun 1, 2026, 2:01 PM

Australia hits its highest number of billionaires on record. Do we need more?

Australia now has 178 billionaires — an increase of 17 from last year — who collectively hold more than $686 billion in wealth, sparking debate about the advantages and disadvantages of the growing number of ultra-wealthy.

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