Australia’s richest 1% pocketed $150,000 a minute over past decade, Oxfam research finds

Taxing the super rich is a ‘path out of today’s overlapping inequality and climate crises’ Photograph: erhui1979/Getty Images

Australia’s wealthiest 1% are 61% richer than they were before the pandemic and have pocketed $150,000 a minute over the past decade, according to new analysis by Oxfam Australia.

The analysis was released on Monday to coincide with Oxfam’s global report on wealth disparity, Survival of the Richest, and the launch of this year’s World Economic Forum in Davos, Switzerland.