Billionaires are multiplying, and 60% earn their wealth through ‘inheritance, cronyism, or monopoly power,’ Oxfam writes
But nothing all that golden is minting these new wealthy individuals.“Most billionaire wealth is taken, not earned, 60% comes ...
‘We're in the era of the billionaire,' human rights expert says. Here's why wealth accumulation is accelerating
In 2024, an average of nearly four new billionaires were coined every week, according to Oxfam. Much of their wealth will be ...
"TaxTheSuperRich" is a protester motto at the Davos forum. Would that end inequality?
The World Economic Forum in Davos, Switzerland, is underway this week — and there are calls for taxing the extremely rich to address global inequality.
businessday9h
Billionaire wealth surges $2tn in 2024, as 133m Nigerians face hunger – Oxfam
In 2024, billionaire wealth surged globally by $2 trillion, growing three times faster than the previous year, according to ...
Billionaires' wealth soared in 2024, anti-poverty group says as the elites prepare for another Davos
Billionaire's wealth has grown faster last year, and now the world can expect at least five trillionaires within a decade, ...
businessday9h
4 Nigeria’s billionaires amass $23.7 billion while 133 million go hungry
In 2024, billionaire wealth surged globally by $2 trillion, growing three times faster than the previous year, according to ...
D'MARGE20h
Five People Will Become Trillionaires In The Next Decade, According To New Report
Critics argue this surge in ultra-wealth worsens inequality, fueling calls for stronger taxes and regulation.
Uk stole 64 82 trillion from india during colonial rule oxfam report 5 shocking facts colonialism dark legacy
A recent report by Oxfam International reveals a shocking truth. During colonial rule, the UK took around $64.82 trillion ...
These are the five people who could become trillionaires in the next few years
A latest inequality report revealed a major prediction that within the coming decade approximately five renowned ...
UK’s wealthiest 10% took half of India’s wealth during colonial era: Oxfam
Drawing on a range of studies and research papers, Oxfam calculated that between 1765 and 1900, the richest 10 percent in the ...
What Is An Oligarchy? Is US Set To Become One With Tech Billionaires Backing Trump? Explained
Although the word ‘oligarchy’ has been associated with Russian oil tycoons. But the analysis of 1,779 recent policy outcomes ...
The Week15h
Takers, not makers: How colonialism secured a global wealth rive
Recent Oxfam reports highlight that multinational companies now use wealth-grabbing mechanisms developed by entities like ...