Billionaire Wealth Soars by $2 Trillion in 2024, While Poverty Levels Show Little Progress Since 1990: Oxfam
- The combined wealth of the world's most wealthy rose from $13 trillion to $15 trillion in just 12 months, the global charity said Sunday.
- The richest 1% of people own nearly 45% of all wealth, while 44% of humanity are living below the World Bank poverty line of $6.85 per day, the data showed.
- Oxfam is urging governments to commit to ensuring that the incomes of the top 10% are no higher than the bottom 40% worldwide.
- Oxfam said billionaire wealth grew by US$2 trillion last year, or roughly US$5.7 billion a day, three times faster than in 2023.
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Total News Sources0
Leaning Left30Leaning Right12Center22Last UpdatedBias Distribution47% Left
Bias Distribution
- 47% of the sources lean Left
47% Left
L 47%
C 34%
R 19%
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