When it comes to money buying happiness,more is better,says a study that has found the correlation between wealth and well-being does not plateau once incomes reach a certain point.
Australia’s highest-paid vice chancellors are now earning six times their university’s senior professors as the union calls for an inquiry into wage theft.
Billionaires now account for $US14.2 trillion of the world’s wealth. To put this into perspective,this is larger than the gross domestic product of any country other than the US and China.
Marking a new high of ultra-wealthy individuals is one record we shouldn’t be cheering about.
Oxfam has for years been trying to highlight the growing disparities between the super-rich and the bulk of the global population. That gap has been “supercharged”.
The milestone comes as shares of L’Oreal,the beauty empire founded by Bettencourt Meyers’ grandfather,rose to a record high.
Australian tech billionaires Mike Cannon-Brookes and Scott Farquhar have taken a financial hit as their software company posts widening losses.
According to the various stocktakes of wealth that have been published recently around the world,it’s been a tough 12 months at the pointy end.
Hillsong heiress Laura Toggs and Laser Clinics Australia co-founder Kate Champion aren’t the only society figures reselling clothes online,but buyer beware:you’re going to need a fat wallet.
The harbour city is home to wealthy blue-bloods,many of whom are interconnected through marriage.
Celebrities,rich-listers,socialites and corporate high-flyers dug deep for the Sydney Children’s Hospitals Foundation.