The world's five richest people have doubled their wealth in three years, Oxfam reported on Monday. According to calculations, the first trillionaire may appear within a decade. In contrast, poverty will not be eradicated for another 230 years.
The report was published as business and political leaders meet at the World Economic Forum in Davos.
The fortunes of Tesla CEO Elon Musk, Bernard Arnault – owner of the luxury goods company LVMH, Amazon founder Jeff Bezos, Oracle's Larry Ellison, and investment expert Warren Buffett. 114% in real terms. From 2020 – says Oxfam. Their collective wealth increased from £321 billion to £688 billion.
It is estimated that Musk himself has one About 180 billion pounds sterling.
while Wealth of 4.7 billion people Who constitute the poorest 60 percent in the world, it decreased by 0.2 percent. – Oxfam reported.
“This widening gap between the rich and the rest of us is neither accidental nor inevitable,” said Aleema Shivji of Oxfam.
“Governments around the world are making conscious policy choices that enable and support this distorting concentration of wealth while hundreds of millions of people live in poverty,” she added.
“A fairer economy is possible, an economy that works for all of us,” she stressed. “We need a common policy that ensures fairer taxation and supports everyone, not just the privileged.”
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