World’s 26 richest own as much as 3.8 billion poorest: Oxfam

Billionaire fortunes increased by 12% a day in 2018, while the 3.8 billion poorest people saw their wealth decline by 11% a day, according to a report released by Oxfam to mark the opening of the World Economic Forum (WEF) in Davos.

As the global economic elite is to gather at Davos (Switzerland), billionaire fortunes increased in 2018 by 12% a day, while the 3.8 billion poorest people saw their wealth decline by 11% a day, a new report shows. [Shutterstock]

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Claire Stam Euractiv Jan 21, 2019 07:12 5 min. read Content type:

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