Charity predicts world's first trillionaire within 10 years due to global inequality
Oxfam's interim executive director said the report showed that the world is entering a "decade of division."
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Oxfam's interim executive director said the report showed that the world is entering a "decade of division."
The anti-poverty organization Oxfam International says the fortunes of the five richest men have spiked by 114% in real terms since 2020, when the world was reeling from the pandemic.
By contrast, Oxfam says nearly 5 billion people have been made poorer since the pandemic, with many of the world's developing nations unable to provide the financial support that richer nations could during lockdowns.
Oxfam's interim executive director said the report showed that the world is entering a "decade of division."
Oxfam's interim executive director said the report showed that the world is entering a "decade of division."