The wealth of the world’s billionaires skyrocketed by a staggering 2$ trillion (£1.64 trillion) in 2024, a surge three times
Oxfam, a non-profit organisation, in a report has revealed that USD 64.82 trillion was drained from India between 1765 and 1900. Of this, USD 33.8 trillion—more than half of the total wealth, adjusted to today's value—is reported to have benefited the wealthiest ten per cent of the United Kingdom (UK).
In a startling revelation, Oxfam’s latest report has exposed the surging inequality in Nigeria, where the wealth of the richest continues to grow
Between 1765 and 1900, the richest 10 per cent in the UK extracted wealth from India alone worth US$33.8 trillion in today’s money -- enough to carpet the surface area of London in the 50-pound notes almost four times over,
Oxfam said trillionaires are expected to emerge within the next decade, as the richest 1% now own 45% of global wealth, while 44% of humanity lives on less than $6.85 per day.
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.
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.
Over the course of colonialism from 1765 to 1900, the United Kingdom (UK) drew an astounding $ 64.82 trillion from India, as per the latest annual report on global inequality by rights group Oxfam International.
According to a new study by Oxfam, five individuals are projected to reach trillionaire status within the next decade, each amassing a
Donald Trump was sworn in Monday as the 47th president of the United States with some of the richest people on the planet standing close behind him on the inaugural platform—a symbol of what observers described as the nation's slide toward oligarchy.