As of 2017, Australia has over one million millionaires who call Australia home. According to the newest report by the Global Wealth Report, individuals with a net worth of $50 million, increased by 30 percent to close to 3,000. The head of Australia Credit Suisse, Alex Wade said, “No other part of the wealth pyramid has been transformed as much since 2000 as the millionaire and ultra-high-net-worth individual segments.”
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