The world’s five richest men have more than doubled their wealth since 2020, while the poorest 60% have lost money, according to an Oxfam report released Monday in Davos, Switzerland. The World Economic Forum (WEF) is held there every year.
According to research firm Wealth or 114%, from 2020.
Over the same period, the world’s poorest people, a total of 4.77 billion, lost 0.2% of their real wealth. This means that the world’s billionaires were 3 trillion euros ($3.3 trillion) richer in 2023 than in 2020. Their wealth grew three times faster than the rate of inflation, and nearly five billion people became richer. poor in the same period.
The first trillionaire will be born soon
According to Oxfam, the huge gap between rich and poor is likely to continue to widen, leading to the birth of the world’s first trillionaire within a decade. According to Oxfam, world poverty will not be eradicated for 230 years. Existing inequality is partly due to the concentration of power in the hands of those interested in maximizing profits for themselves, rather than distributing wealth among workers and society.
According to an Oxfam report, seven of the ten largest companies in the world have a millionaire or billionaire as their CEO. The richest 1% of people in the world own 43% of the world’s financial assets.
It is also no coincidence that the richest people in the world are all men. According to Oxfam, men worldwide own 95.9 trillion euros ($105 trillion) more assets than women. It would take a worker in the health and social care sector 1,200 years to earn as much as the average CEO of one of the world’s largest companies earns in a year.
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2024-01-15 11:50:00
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