$50k a minute: Billionaire wealth boom highlights inequality in AustraliaBY VINNY VUCAGO | TUESDAY, 2 JUN 2026 4:15PMAustralia's billionaires increased their collective wealth by $25.67 billion over the past year, which is equivalent to almost $50,000 per minute according to new analysis by Oxfam Australia. Related News |
Editor's Choice
CEFC backs 'missing middle' of clean energy transition
The Clean Energy Finance Corporation (CEFC) has committed $100 million to unlock the 'missing middle' of Australia's clean energy transition, helping accelerate delivery of mid-scale renewable energy assets.
Local sustainable funds fall into outflows: Morningstar
Sustainable funds offered in Australia and New Zealand shed almost US$120 million, ending a three-quarter run of positive inflows, according to Morningstar.
Macquarie AM pumps $627m into a French solar specialist
Macquarie Asset Management has provided a €350 million ($627m) financing facility, acting as a sole lender and underwriter to CVE, a French renewable energy producer specialising in solar and biogas.
Battery boom fuels transition: BloombergNEF
Australia's clean energy transition is gathering pace, with record investment in renewable energy battery storage and electric vehicles, but emissions reductions remain too slow to meet the nations climate targets, according to BloombergNEF's latest Australia Energy Transition Outlook.
Videos
Brought to you by ![]()
Further Reading
Whitepapers
Materiality is not a single judgement. It is a governance system
The more fundamental problem is that materiality is still treated as a single judgement, when in reality it is a sequence of related judgements made by ...
Roundtable reflections: Is ESG dead?
"Is ESG dead?" we asked at our recent Responsible Investors (RI) roundtable in May this year. Short answer: no.
AI-washing and cyber-washing
Key legal and regulatory enforcement risks for Australian organisations.
Is there an ethical way to play AI?
Balancing innovation and sustainability in one of the most compelling investment themes of our time.
Expert Feed
How economics and energy security are driving the next phase of the energy transition
Looking ahead, the next phase of the energy transition will be defined by practical system build-out rather than headline climate commitments.
Sustainability in 2025: Building resilience and navigating risks
In 2025, there is likely to be much scrutiny around US President Donald Trump's anti-green agenda in particular.
Balancing Investor expectations with entrepreneurial growth
Recent headlines highlighting corporate management shortfalls in companies led by their founders underscore the need for rigorous governance standards.
Avoiding the carbon budget risk
While many financial institutions have made public net zero commitments, how can we know whether these goals really amount to action on climate change?
ACCESS MORE CONTENT
Financial Standard
Australia's most-read trade publication for wealth management professionals.
