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But Oxfam, which tries to spotlight the growing disparities between the super-rich and the bulk of the global population, says the gap has been "supercharged" since the COVID pandemic.
Among the findings, Oxfam highlighted how the personal fortunes of the world’s five richest people — Tesla CEO Elon Musk, Bernard Arnault and his family of luxury company LVMH, Amazon founder ...
Some 148 of the world’s largest corporations made nearly $1.8 trillion in profits in the 12 months leading up to June 2023, Oxfam said. That’s 52.5% higher than their average was between 2018 ...
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Billionaires are multiplying, and 60% earn their wealth through ‘inheritance, cronyism, or monopoly power,’ Oxfam writes - MSNOxfam estimates that 6% of the ultra-wealthy riches are from “crony sources,” while countries with lax ... LVMH’s chief Bernard Arnault and his family were in attendance as well as India ...
Other than luxury goods titan and LVMH CEO Bernard Arnault, the group saw their wealth rise over the past 12 months, which Omar Ocampo, researcher at the Institute for Policy Studies, previously ...
Antipoverty group Oxfam said the world’s five richest people have almost doubled their wealth since 2019, ... Bernard Arnault and his family, who own luxury goods group LVMH; ...
The world’s five richest men — LVMH chief Bernard Arnault, Amazon’s Jeff Bezos, investor Warren Buffet, Oracle co-founder Larry Ellison and Tesla CEO Elon Musk — have seen their wealth ...
In an annual assessment of global inequalities published earlier this week, Oxfam International said the first trillionaire could emerge within the next decade — as the anti-poverty organization ...
In an annual assessment of global inequalities published earlier this week, Oxfam International said the first trillionaire could emerge within the next decade — as the anti-poverty organization ...
Jeff Bezos has reclaimed the title of the richest person on Earth, surpassing Elon Musk, according to the Bloomberg Billionaires Index on Monday. The Amazon founder’s net worth was $200 billion ...
What’s more, the top 1% holds 43% of the world’s financial assets, according to Oxfam, drawing on data from Wealth X. In the United States, this group owns 32%; in Asia, it’s 50%.
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