Aussie wealth rockets despite virus

Original article by Cliona O’Dowd
The Australian – Page: 17 : 23-Jun-21

Just under one in 10 Australians are millionaires in US dollar terms, according to Credit Suisse’s latest global wealth report. Credit Suisse found that Australians increased their wealth by more than all other countries except Switzerland during the pandemic, while it estimates that the number of Australian millionaires will rise by 70 per cent over the next five years to three million. Credit Suisse found that Australia topped the list for median wealth per adult in 2020, while it placed fourth in terms of mean wealth.


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