World’s 5 richest males doubled their fortunes since 2020, Oxfam says | EUROtoday

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The world’s wealthiest 5 males have greater than doubled their fortune since 2020 from $405 billion to $869 billion final yr, the charity Oxfam stated Monday in a report printed as the worldwide elite hobnob on the World Economic Forum in Davos this week. Yet since 2020, almost 5 billion folks worldwide have grown poorer, Oxfam stated. Pointing to the extent of “staggering, obscene inequality”, Oxfam International Interim Director Amitabh Behar informed FRANCE 24’s Yuka Royer that the world is “entering into an era of billionaire supremacy”.