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Widening Wealth Gap: World's First Trillionaire Predicted in a Decade as the Poor Gets Poorer

  • The wealth of the world's five richest men has doubled since 2020, while five billion people have become poorer, according to a report by Oxfam.
  • In the 12 months leading up to June 2023, the largest corporations made nearly $1.8 trillion in profits, a 52.5% increase from previous years.
  • Oxfam calls for governments to address wealth inequality by implementing a wealth tax on millionaires and billionaires, capping CEO pay, and breaking up monopolies.
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  • 51% of the sources are Center
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Forbes broke the news in United States on Sunday, January 14, 2024.
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