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

$100 Australian dollar notes, pictured in Brisbane, Tuesday, Aug. 20, 2013. (AAP Image/Dan Peled) NO ARCHIVING

$100 Australian dollar notes, pictured in Brisbane, Tuesday, Aug. 20, 2013. (AAP Image/Dan Peled) NO ARCHIVING Source: AAP

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

Australia's billionaires have been breaking wealth records.
Oxfam's new report, "Inequality Inc.", reveals the wealth of Australia's 47 billionaires has doubled to over $250 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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