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Oxfam: 26 Wealthiest People Own as Much as World’s 3.8 Billion Poorest

HeadlineJan 22, 2019

And a new Oxfam report finds that billionaires’ wealth increased by 12 percent in the past year, with the 26 richest owning the same amount of money as the world’s poorest 50 percent, or 3.8 billion people. Economic inequality hits women and girls the hardest, according to the report, which is being released ahead of the World Economic Forum in Davos, Switzerland. This is Winnie Byanyima, executive director of Oxfam.

Winnie Byanyima “So, last year alone, we saw billionaire wealth increase by $2.5 billion every day, while the wealth of the bottom half of humanity—3.8 billion—was dropping by $500 million a day. I’m here in Davos to call on governments to wake up and take up their responsibility and tax fairly, tax wealth and put money in the public services that people need.”

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