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Oxfam report: World's richest five double their wealth as poorest get poorer
Credit: IndiaTimes- Published on January 15, 2024
Oxfam reveals that the combined wealth of the world's five richest men surged from $405 billion in 2020 to $869 billion in 2021. The report emphasizes the growing wealth concentration and increasing influence of the ultra-rich in shaping tax policies. It estimated that 148 top corporations made $1.8 trillion in profits, 52...
Video credit: AFP English
Published on January 15, 2024 - 01:21
World's richest five men double fortune since 2020, says Oxfam
The world's wealthiest five men have more than doubled their fortune since 2020, the charity Oxfam says, as it calls on nations to resist the ultra-rich's influence over tax policy. A report from the charity, published as the global elite hobnob at the World Economic Forum (WEF) in Davos this week, said their wealth rose from $405 billion in 2020 to $869 billion last year.
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