Australia Now Has More Billionaires Per Capita Than the US or UK

The number of billionaires doubled over the past decades, as well as philanthropy.

Gina Rinehart attends day seven of the Australian National Swimming Championships at Sydney Olympic Park Aquatic Centre in Sydney, Australia, on April 9, 2015. Matt King/Getty Images

The number of Australian billionaires has doubled from 74 in 2015, to 161 in 2025, amid what appears to be a billionaire boom.

The total wealth of Australia’s richest people increased 160 percent to $667.8 billion over the past 10 years, with property being the most frequent source of wealth accumulation.