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- UBS has crowned Australia the second-richest country in its 16th annual Global Wealth Report.
- The ranking is, in large part, thanks to real estate ownership (which is quickly becoming a measure for wealth disparity).
- Australia also now boasts approximately 1.9 million millionaires within its population by USD (the eighth most in the world) or roughly one in 10.
As surprising as it may be to anyone required to make rent in Sydney or forced to reckon with their weekly Woollies…
