The rich century

Article Abstract:

Since the 1890s, when agriculture and individuals were changing Australia's economy, to the 1990s when powerful families are dominating the economic focus in the media and retail property sectors, attitudes toward the rich have changed. In the protectionist era of 1920-1970, Australia was cut off from international competition, and government tariffs and subsidies made for an easy living. In the 1980s, the Labor Party underwrote a more individualistic approach to wealth, and the rich became revered as heroes. The middle class is disappearing.

Australia, Economic development, Social classes, Social class, Wealth

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Family fortunes

Article Abstract:

A listing of the largest Australian family fortunes is presented. This class of rich Australians includes the Smorgon family, manufacturing and investments; A$1 billion; the Myer family, retailing and investment, A$840 million; and the Anderson family, manufacturing, A$495 million.

Family-owned business enterprises, Family-owned businesses, Millionaires, Billionaires

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