Mining magnate Gina Rinehart is the wealthiest person in the country, valued at $28.89 billion, according to the AFR's Rich List. She's joined by second-placed Andrew 'Twiggy' Forrest, with a net worth of $23 billion.
Some retailers benefited from the boom in sales and e-commerce amid the coronavirus pandemic, according to tomorrow's AFR Rich List. Ruslan Kogan, founder and CEO of Kogan, saw his net wealth rise to $575 million, putting him back on the Rich List after falling off last year's edition.
Australia's 200 most rich and powerful managed to accummulate 24% more wealth this year, according to the AFR Rich List. However, while there's now a record 104 Australian billionaires, some didn't fare so well.
The Reserve Bank of Australia has released a new $100 bank note into circulation. It still features iconic Melbourne figures Sir John Monash and Dame Nellie Melba but now has new security features.
ANZ's full-year profit took a 42% hit, falling to $3.76 billion the bank announced on Thursday. The biggest factor came in the $2 billion the bank put aside in impairment costs to brace for the full impact of the coronavirus pandemic.
Qantas is launching a new series of flights to top Aussie destinations following the success of its 7-hour 'flight to nowhere'. The first destination in the series is an overnight trip from Sydney to Uluru.
Apple, Alphabet, Amazon, and Facebook reported their third-quarter earnings on Thursday. These four, along with Microsoft, are the five most valuable publicly traded companies on the S&P 500.
The US's weekly average of new coronavirus cases reached an all-time high this week: nearly 72,000 daily infections. The nation reported its highest-ever daily tally, nearly 84,000 cases, on Friday.
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