THE first trillionaire is likely to emerge in the next decade as the rich become richer and the poor end up even poorer, Oxfam has warned.
The world's five wealthiest people have more than doubled their fortunes to £677billion since 2020 while the poorest 60%, almost five billion, have actually lost money.
This yawning gap between haves and have-nots is likely to grow with poverty not eradicated for another 229 years should current trends continue, the charity's report claims.
Trillionaire status would be gained when a person's fortune hits one thousand billion US dollars, making them as wealthy as Saudi Arabia.
As the planet's wealthiest gather this week in Davos, Switzerland, for the annual World Economic Forum of politicians, executives and the superrich, the report Inequality Inc highlights a stark increase in imbalance since the pandemic.
Bu hikaye Daily Express dergisinin January 16, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Daily Express dergisinin January 16, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Happy United back in the goal routine
RASH AT THE DOUBLE AS AMORIM MAGIC RUBS OFF
Horror show for hapless Hamilton
PENALTIES PUNCTURE LEWIS' BID
THREE CARSE IN-ONE
Stokes hails triple threat of England's matchwinner
Reed all about it as Sale roar back
ARRON REED was tipped for \"world-class\" status after scoring two tries as Sale hit Leicester for six.
MOUTH ALMIGHTY!
Lossie cut to 6-4 for Champion
Frasers faces possibility of demotion from the FTSE 100
MIKE Ashley's Frasers Group faces a crucial week with an investors' update on Thursday and potential relegation from the FTSE 100 next Monday.
'I knew when I had the call that she was going to die'
Hell of poison victim’s mum
Putin £100bn war chest vow in bid to finally crush Ukraine
VLADIMIR Putin has approved record military spending for next year as Moscow increases pressure on Ukraine to give up territory in the east of the country.
M Fury as Gregg Wallace hits out at 'handful of middle-class women' who complained about him
MASTERCHEF star Gregg Wallace prompted a backlash yesterday by saying complaints made against him came from a \"handful of middle-class women of a certain age\".
Balmy days are over as winter freeze bites back
THE big freeze will return this week, bringing snow and heavy frost to the north and temperatures as low as -7C.
