A steady road to getting rich
The lists of Australia’s wealthiest individuals and families published annually by different media organisations are generally an interesting read.
Ranking them by their net wealth, they show that many of the richest Australians have progressively become richer over time through a combination of business expansion, market forces and shrewd investment decisions.
In fact, looking at the aggregate data compiled over the last five years alone, the estimated combined wealth of the top 200 wealthiest people in Australia has jumped by around 50% to over $670 billion.
Australia’s top ranks include individuals involved in resources, property, information technology, and investing. One could describe them…
