Published 07/25/2024 7:41:00 p.m.

Wealth of global top 1% grew by $42 trillion over past decade: Oxfam

Oxfam reports the world's richest 1% gained $40 trillion over the last decade, significantly more than the wealth of the poorest 50% combined.
Max Lawson of Oxfam stated, “Inequality has reached obscene levels,” urging G20 leaders to address this issue.
Oxfam recommends a minimum 2% tax on global billionaires, potentially raising $200-$250 billion annually.

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News18 India

'Historic Low Taxes': You Won't Believe How Much World's 1% Richest Made in 10 Years, Check Oxfam Report

Wealth Gap Widens: Top 1% Gains $40T, Taxes Plummet

07/25/2024 12:18:01 p.m.·India

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CTV News

Wealth of global top 1% grew by US$42 trillion over past decade: Oxfam

The last decade has been very lucrative for the world's super-rich residents, fuelling the drive by some advocates to tax them more.

07/25/2024 4:22:00 p.m.·Canada

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Hindustan Times

World's top 1% became richer by $40 trillion in 10 years, taxes on them at ‘historic lows’: Oxfam

$42 trillion amassed by richest 1% in 10 years while poorer half struggles, Oxfam advocates for 8% wealth tax on ultra-rich.

07/25/2024 3:56:15 a.m.·New Delhi, India

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CNN

Wealth of global top 1% grew by $42 trillion over past decade: Oxfam

The last decade has been very lucrative for the world’s super-rich residents, fueling the drive by some advocates to tax them more.

07/25/2024 2:20:28 p.m.·Atlanta, United States

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Raw Story

'Disgusting': Global 1% Captured $42 Trillion in New Wealth Over Past Decade

The richest sliver of the global population hauled in more than $40 trillion in new wealth over the past decade as countries around the world cut taxes for those at the very top, supercharging inequality that poses a dire threat to democracy and the planet.An Oxfam analysis released Thursday ahead of a meeting of G20 finance ministers estimated that over the past 10 years, the global 1% has accumulated $42 trillion in new wealth. That's "nearly …

07/25/2024 12:43:38 p.m.·United States

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Live Mint

’Rest are left to scrap for crumbs’ – World’s top 1% have collected 34 times the wealth of the bottom 50%: Oxfam report

According to Oxfam, the world's richest 1 per cent have collected a wealth of $42 trillion over the past decade. It suggested that G20 countries implement an annual net wealth tax of at least eight per cent on extreme wealth.

07/25/2024 6:16:55 a.m.·New Delhi, India

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