The world’s five richest men have more than doubled their fortunes from $405 billion to $869 billion since 2020 —at a rate of $14 million per hour— while nearly five billion people have been made poorer, reveals a new Oxfam report on inequality and global corporate power. If current trends continue, the world will have its first trillionaire within a decade but poverty won’t be eradicated for another 229 years. “Inequality Inc.” reveals that seven out of ten of the world’s biggest corporations have a billionaire as CEO or principal shareholder. These corporations are worth $10.2 trillion, equivalent to more than the combined GDPs of all countries in Africa and Latin America.
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Technology Partners: MimirTech
Links:
[1] http://admin.indiaenvironmentportal.org.in/reports-documents/inequality-inc-how-corporate-power-divides-our-world-and-need-new-era-public
[2] http://www.indiaenvironmentportal.org.in/files/file/Inequality Inc.pdf
[3] http://admin.indiaenvironmentportal.org.in/category/publisher/oxfam-international
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/poverty
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/economy
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/industry
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/india
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/global
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/gdp
