Australia Wealth By Tier
15 November 2011
Australia’s mining sector has seen rapid growth, spurring the fortunes of the country’s UHNW. Rocketing prices of commodities including iron ore and coal will lead to a flush of “mineral wea
lth” and the creation of “new Ultra Affluent”. This new wealth creation has also been bolstered by the Australian dollar, which has been above parity with the greenback for most of this year.