Dick Smith to name and shame stingy rich

Australian entrepreneur Dick Smith has threatened to name and shame rich people who do not contribute to the community, saying if they don't want to open their wallets they can "rack off".

Fairfax Media quotes Smith as saying the rich in the United States donate generally 15 per cent of their income, while Australia's wealthy give less than one per cent.

He says rich people in America who don't become philanthropists become social pariahs, and he is so fed up with selfish people in Australia that he is prepared to name and shame those who aren't giving back to their community.

The latest comments from the 67-year-old former retail electronics king and Australian of the Year come after his attacks on the rich at Christmas, when he labelled chief executives of Australia's big four banks greedy.

Smith says he and his wife, Pip, have donated at least $1 million this year.