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Oxfam Warns of Trillionaire Surge as Global Inequality Deepens

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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