Richest 1% bag two-thirds of $42 trillion in new wealth: Oxfam

Summary by Ground News

The world’s top 1 percent grabbed nearly two-thirds of the $42 trillion in new wealth created since 2020, Oxfam says in a new report released to coincide with the annual meeting of the World Economic Forum in Davos, Switzerland.

Published 5 months ago · New York, United States

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The Guardian

Call for new taxes on super-rich after 1% pocket two-thirds of all new wealth

$26tn of new wealth created since start of pandemic went to richest, Oxfam report reveals

5 months ago·London, United Kingdom

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CNN

The top 1% captured nearly twice as much new wealth as the rest of the world over last two years

The world's wealthiest residents have been getting far richer, far faster than everyone else over the past two years.

5 months ago·Atlanta, United States

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The Washington Post

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.

5 months ago·Washington, United States

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CNBC

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.

5 months ago·United States

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KIFI

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…

5 months ago·Idaho Falls, United States

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