Billionaires' wealth hits new peak amid rising poverty: Oxfam report
Автор: SABC News
Загружено: 2026-01-19
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An Oxfam report shows that billionaires' wealth jumped by over 16% in 2025 alone, or by $2.5 trillion.
That's three times faster than the past five-year average to a whopping 18.3 trillion dollars. Releasing its annual report on inequality, entitled "Resisting the Rule of the Rich: Protecting Freedom from Billionaire Power," Oxfam warns that the inequality gap continues to widen substantially and could threaten social stability if left unchecked.
It traditionally releases its annual inequality report ahead of the World Economic Forum, kicking off in Davos, Switzerland, this week, where policymakers, governments, big business and civil society meet to discuss the pressing issues of the day.
Nompumelelo Siziba filed this report.
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