Oxfam report reveals Australia's richest make $1.5 million an hour

While Australians are facing a cost of living crisis, billionaires have been breaking wealth records.

Australian notes and coins are seen in Adelaide, Monday, April 16, 2018. (AAP Image/Morgan Sette) NO ARCHIVING Source: AAP / Morgan Sette/AAPIMAGE

Oxfam's new report, "Inequality Inc.", reveals the income of Australia's 47 billionaires has doubled to $255 billion in the last two years.

This represents more wealth in the hands of 47 people than around 7.7 million Australians.

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