But nothing all that golden is minting these new wealthy individuals.“Most billionaire wealth is taken, not earned, 60% comes from either inheritance, cronyism and corruption or
Billionaire wealth surged in 2024, says Oxfam
· 2d · on MSN
Billionaire wealth surges to 'unimaginable' levels in 2024 as Oxfam predicts emergence of five trillionaires within a decade
· 1d
Oxfam says world ruled by “aristocratic oligarchy,” as billionaire wealth surges by $2 trillion
Oxfam: World’s first trillionaires to emerge within a decade
The development organization Oxfam predicts that the world’s first trillionaires could emerge within the next decade. The report highlights that the wealth of the ten richest billionaires has grown by an average of $100 million per day over the past ten years.
The charity’s report argues that the UK owes reparations to the colonial country for extracting money between 1765 and 1900
A recent report by Oxfam International reveals a shocking truth. During colonial rule, the UK took around $64.82 trillion from India. Most of this wealth went to the richest 10% of people.
The combined wealth of UK billionaires surged by a staggering £35 million per day in 2024, reaching a total of £182 billion, according to a new report by Oxfam. At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
Per the Oxfam report, even during colonialism, a similar pattern was followed by allowing private multinational corporations monopolies with overseas expansion. The UK extracted $64.82 trillion from India over a century of colonialism between 1765 and 1900,
In a startling revelation, Oxfam’s latest report has exposed the surging inequality in Nigeria, where the wealth of the richest continues to grow
The UK extracted USD 64.82 trillion from India over a century of colonialism between 1765 and 1900 and USD 33.8 trillion of this went to the richest 10 per cent -- enough money to carpet London in notes of 50 British pound almost four times over.
Costs should be borne by the richest, who benefited the most from colonialism, says charity
Oxfam Nigeria, a non-profit organisation, has warned that the wealth gap in Nigeria has reached crisis levels, with 70 percent of the population experiencing hunger.
The report highlights that out of the massive earnings extracted from India, $33.8 trillion went into the pockets of the wealthiest 10% of people in Britain. This economic exploitation by the British during colonial rule has had a long-lasting impact,
2don MSN
Billionaires' wealth soared in 2024, a top anti-poverty group said ahead of an annual gathering in Davos, Switzerland of some of the world's political and financial elite.
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