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 ...

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 ...

Oxfam 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 ...

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 ...

Elon Musk, Jeff Bezos, Mark Zuckerberg Among Those In Race To Become First Trillionaires, Oxfam Warns Of Growing Wealth Inequality ...

Hermès surpassed LVMH's valuation on Tuesday after Bernard Arnault's company reported disappointing sales. The 3% decline in first-quarter sales compared with a 2% rise forecast by analysts. LVMH ...

Topline. More than $9 billion was wiped from French billionaire Bernard Arnault’s fortune Tuesday morning after shares of his luxury goods conglomerate LVMH slumped by more than 7% following an ...

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 ...