The wealth of Australia’s billionaires increased by $25.67bn in the past year, equivalent to almost $50,000 a minute, according to new Oxfam Australia analysis of the 2026 Australian Financial Review Rich List. The anti-poverty organisation said the total wealth of Australian billionaires in 2026 has reached more than $686bn, while Acoss figures show 3,706,000 people live in poverty, including 757,000 children under …


The World Observer Media produces a daily online newspaper, a daily Arabic online newspaper and a monthly printed Arabic/English magazine and a weekly printed Arabic/English newspaper.
The World Observer Media’s mission is to entertain and educate all generation from the Ethnic Communities in Australia, who are interested in local, national and foreign information.