World's five richest men doubled their fortunes since 2020, Oxfam says
The world's wealthiest five men have more than doubled their fortune since 2020 from $405 billion to $869 billion last year, the charity Oxfam said Monday in a report published as the global elite hobnob at the World Economic Forum in Davos this week. Yet since 2020, nearly five billion people worldwide have grown poorer, Oxfam said. Pointing to the level of "staggering, obscene inequality", Oxfam International Interim Director Amitabh Behar told FRANCE 24's Yuka Royer that the world is "entering into an era of billionaire supremacy".