Download Our App

By Mark John (Reuters) - The combined fortunes of the world's five richest men have more than doubled to $869 billion since 2020 while five billion people have been made poorer, anti-poverty group Oxfam said. An Oxfam report, which comes as business elites gather this week for the annual World Economic Forum (WEF) meeting in Davos, found that a billionaire is now either running, or is the main shareholder of, 7 out of 10 of the world's biggest companies. Oxfam called on Monday for governments to rein in corporate power by breaking up monopolies; instituting taxes on excess profit and wealth; a...

Report typos and corrections to corrections@rawstory.com.

For customer support contact support@rawstory.com.

Top Stories Recommended For You

YOUR OPINION MATTERS

Do you think Donald Trump will cost Republicans the midterm elections?

VOTE NOW
Do you think Donald Trump will cost Republicans the midterm elections?