Australia’s rich getting richer

Visy chairman Anthony Pratt pictured at The Global Food Forum in Sydney on Wednesday. Source: News Corp Australia

MORE than three quarters of Australians think the very wealthy are not paying enough tax.

The finding is contained in an Oxfam Australia report to be released on Monday which shows the nine richest Australians, including Gina Rinehart, Anthony Pratt and James Packer, have a net worth which exceeds that of the bottom 20 per cent of Australians.

Those nine individuals — who also include Andrew 'Twiggy' Forrest, Harry Triguboff and Frank Lowy — are estimated by Oxfam to have a combined net worth of about $58.6 billion, more than the shared fortunes of the country's poorest 4.5 million people.

Retail king ... Frank Lowy's Westfield group operates over 100 shopping centres worldwide. Source: Supplied

Oxfam Australia's chief executive Helen Szoke said the organisation's report shows Australians are concerned about rising inequality, and want the matter addressed at the G20 forum to be held in Brisbane later this year.

Retail king ... Frank Lowy's Westfield group operates over 100 shopping centres worldwide. Source: News Limited

"Tackling inequality and sharing the benefits of economic growth has been on the G20's agenda before and it should be now, with the wealth gap ever-widening and evidence that inequality can be bad for growth itself," Dr Szoke said.

Top end of town ... gaming billionaire James Packer. Source: Supplied

"The Prime Minister should put inequality on the agenda for G20 leaders in Brisbane."

The report comes as the Greens prepare to push for a Senate Inquiry into inequality in Australia on the heels of the Abbott Government's tough first budget.

The Greens will attempt to secure the support of Labor, warning the Coalition has further cuts to welfare payments on the agenda, ahead of the release of Patrick McClure's interim review of the welfare system.

Billionaires row ... mining magnate Andrew "Twiggy" Forrest" is on the list. Source: News Corp Australia

The Oxfam report found that 79 per cent of Australians want world leaders to address the issue of growing inequality.

The same number of Aussies said they think the rich have too much influence over the direction the country is headed.

And more than a third, 64 per cent, of Australians said the widening gap between the rich and the poor was making Australia a worse place to live.

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