How the world’s richest people are making more money than ever

The world’s most wealthy families have increased their net worth from $3.5 trillion in 2011 to $5.5tn in 2016, according to a report by Australian Financial Reporting Agency (AFRA).

The data, released by the agency on Thursday, showed the fortunes of the wealthiest families in the world have risen by more than 200 per cent.

It was a milestone for the super-rich, with the median wealth of the worlds top 1 per cent increasing from $9.9tn in 2011.

In the same period, the median income of the top 0.1 per cent of the population rose by more then $700bn.

The median wealth in Australia increased by $3,000bn in that period, and the median incomes of the richest 10 per cent rose by $1.2tr.

The figures, based on data from a survey of 2,400 wealthy individuals, showed Australia’s wealthiest families have also become more unequal over the past 10 years.

More than 40 per cent, or $1tn, of Australia’s wealth is held by the richest five per cent and the top 1.3 per cent together, up from just 5.5 per cent in 2011 and 3.7 per cent last year.

As well as increasing the wealth of their families, the super rich also have been making more from their wealth.

According to AFRA, the average net worth of the 20 wealthiest people in the country has increased from $7.8bn in 2011, to $7bn in 2016.

That compares with an increase of only a tenth of a per cent between 2011 and 2016.

Meanwhile, the poorest 10 per of the country have seen their incomes drop by 25 per cent since 2011.

The richest 10 have seen income decline by 20 per cent over the same time period.

While the average wealth of these families has also risen, the decline is more dramatic for the poorest.

For example, the bottom 10 per the country, the richest, have seen an average loss of $2.9tr since 2011, while the bottom 50 per the same group saw an average increase of $3bn over the 10 years of AFRA’s data.

At the same stage, the top 20 per the wealthiest, saw an increase in net worth by $2,200bn, while those at the top saw an additional $3tn of net worth, the report found.

AFRA’s analysis also shows that the fortunes held by those at or below the median in terms of wealth have remained fairly steady over the period.

For example the top 10 per share holders of the S&P 500 have seen a net gain of $4.3tr, while average share holders have increased by only $3tr over the decade.

Among the richest people, the number of shares held by them has increased by 2.5 times over the 20-year period.

Meanwhile the median value of the wealth held by people in their 30s has increased in every country, but only in the United States has it gone up by more.

Only in Britain, which has the world second highest median wealth, have the number and percentage of people aged 30 and under having their own fortunes increased.

Other wealthy nations including Australia and Switzerland saw increases in wealth by only 1.5 and 0.5 points respectively.

Australia’s top earnersThe average net income of Australians, as well as their wealth, rose by almost 20 per on average over the last decade, the most of any country in the OECD.

The increase in the number who earned more was driven by increases in the income of their parents, grandparents and other family members, the AFRA data shows.

This trend was most evident in Australia, with more people in that age group having a greater share of their family’s wealth.

Over the past decade, median wealth grew by $300bn, a significant increase, but still far short of the $1tr average increase in wealth for all Australians over the course of the past 20 years.

The gap between those in the top and bottom fifth of income earners is also widening.

The AFRA report showed that the median net worth for the richest 20 per of Australia had risen by $6.2bn, or almost a tenth, between 2011-2016.

By contrast, the net worth held by families in their middle quintile of wealth had declined by $5,000.

The data also showed that in 2016 families in this age group had less wealth than the average of the rich.

By comparison, the rich had a net worth more than half a trillion dollars, the equivalent of more than $3 trillion.

The report also found that the wealth gap between the richest and the poorest was growing.

While in 2016 there was still a gap between wealthy and poorest Australians, the share of people in Australia’s richest fifth having a net wealth of more