THE ranks of Australia's millionaires swelled by 10.3 per cent to 161,000 last year, with them amassing a fortune of $US510 billion ($570.1 billion).
Their fortune was the third highest in the Asia-Pacific region after Japan at $US3.7 trillion and China at $US1.7 trillion.
Almost half of Australia's millionaires made their money by owning businesses or selling them. About 16 per cent racked up their dollars on the buoyant stock market. Only 13 per cent inherited their wealth.
More than 75 per cent of the country's millionaires are men, with an average age of 50. Only 15 per cent are women, compared with Taiwan's 43 per cent and China's 38 per cent.
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