THE world's richest 1% have more wealth than the bottom 95% put together, Oxfam has revealed.The tiny elite own 43% of all financial assets, and just two corporations control 40% of the global seed market.The "big three" US-based asset managers BlackRock, State Street and Vanguard hold $20trillion (£15,000bn) in assets, close to a fifth of all investable assets in the world.<img src="https://cdn.magzter.com/1583503328/1727050736/articles/nsdrxggKQ1727066976681/0057321023.jpg" alt="image">The charity highlighted the huge influence of the mega-wealthy. A billionaire is either running or is the principal shareholder of more than a third of the top 50 corporations, worth a combined £10trillion.Cash titans include Mark Zuckerberg, founder of Facebook owner Meta, and Amazon tycoon Jeff Bezos. Oxfam warns efforts to fight persistent poverty and inequality are being "undermined by the ultra-wealthy and mega-corporations".Amitabh Behar, Oxfam International's executive director, said the United Nations' ability to tackle such issues "is increasingly diminished".He added: "The ultra-wealthy and the mega-corporations they control shape global rules to serve their interests."They use their influence to undermine efforts to solve problems such as tax dodging, making Covid vaccines available and axing sovereign debt."

Bank balance of power

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is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 87 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.

n. We will also use usage information in order to ensure users adhere to our Terms of Use. For example, a user’s usage information will help us confirm that a user only downloads a magazine or other content a permitted number of times or to a permitted number of devices.

which gives digital readers unlimited access to 9,000+ magazines and newspapers for a monthly subscription price. Magzter also has the largest number of stories in the world with its game-changing ezRead 2.0 feature for its apps, which enables smartphone and small-screen mobile users to enjoy magazine content the way it was meant to be enjoyed, with article text that is easy to read and is accompanied by stunning videos and high resolution photography.

{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 87 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.