Australia will have 400,000 new millionaires by 2028
Lucy DeanWealth reporter
The number of millionaires will grow by 21 per cent in the next four years as surging home values, superannuation balances, and gifts and inheritances push Australians up a global ranking to become the second-richest people in the world on paper.
The average Australian’s wealth grew by nearly 10 per cent in 2023, more than twice the average rate of the other 56 countries studied as part of the 2024 UBS Global Wealth Report.
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