Richest 1% bag two-thirds of $42 trillion in new wealth: Oxfam
As Davos forum begins, Oxfam calls for ‘billionaire-busting’ taxes
The richest 1 percent made almost two-thirds of all new wealth created since the pandemic began, Oxfam said before the World Economic Forum in Davos, Switzerland.
The richest 1% of people amassed almost two-thirds of new wealth created in the last two years, Oxfam says
Since 2020, the richest 1% of people have accumulated close to two-thirds of all new wealth created around the world, according to a new report from Oxfam.
The top 1% captured nearly twice as much new wealth as the rest of the world over last two years
By Tami Luhby, CNN The world’s wealthiest residents have been getting far richer, far faster than everyone else over the past two years. The top 1% have captured nearly twice as much new wealth as the rest of the world during that period, according to Oxfam’s annual inequality report, released Sunday. Their fortune soared by $26 trillion, while the bottom 99% only saw their net worth rise by $16 trillion. And the wealth accumulation of the super…