The world’s wealthiest have seen their fortunes increase by $33.9 trillion over the past decade, according to the anti-poverty charity
The richest 1% of the people on Earth have gained over $33.9 trillion in real terms since 2015, according to a new report by UK-based anti-poverty group Oxfam.
The amount is enough to end extreme poverty 22 times over, based on the World Bank’s highest income threshold of $8.30 per person per day.
Approximately 3,000 billionaires worldwide have collectively increased their wealth by $6.5 trillion over the past decade, bringing their total net worth to 14.6% of global GDP, the report claims.
Oxfam argues that…
Read the full article at RT.COM
