Australia’s $4trn wealth surge: Are you one of the 760,000?

An additional 70,000 Australians have crossed the $1 million in investible assets threshold to achieve “high net worth” status in the past year.

This represents a rise of 10 per cent, and untroubled by volatile financial markets, the collective investible assets of high net worth (HNW) Australians increased by 18 per cent to reach $4 trillion for the first time, up from $3.39 trillion in 2024.

“The amount of wealth that that segment manages is immense, an 18 per cent increase year-on-year, that is remarkable,” says Michael Chisholm, chief executive of HNW adviser LGT Wealth Management.

Source: https://www.afr.com/wealth/personal-finance/australia-s-4trn-wealth-surge-are-you-one-of-the-760-000-20251104-p5n7ms