Max Lawson
World's richest 1 pct ‘gained $42 trillion in a decade’
The world's richest one percent increased their fortunes by a total of $42 trillion over the past decade, Oxfam said on Thursday, ahead of a G20 summit in Brazil where taxing the super-rich tops the agenda.
Unbelievable Inequality: How the Top 1% Outpaced the Bottom 50% by 34 Times
Oxfam has revealed that the wealth accumulated by the richest 1 percent of the global population has surged to 42 trillion dollars over the past decade, which is nearly 34 times more than the wealth held by the bottom 50 percent. This finding was disclosed ahead of the G20 finance ministers and central bankers meeting starting today in Rio de Janeiro.