The net worth of the five richest men has more than doubled since 2020 while nearly five billion people have been made poorer, an Oxfam report has revealed. The profound economic disparity is illustrated by the fact that while 148 top corporations amassed an astonishing $1.8 trillion in profits, marking a 52 per cent increase compared to the three-year average, hundreds of millions faced cuts in real-term pay. The annual Davos gathering of political leaders, top executives and celebrities runs from January 15 to 19.(Bloomberg) The report titled ‘Inequality Inc.’ was published on Monday as the global elite starts hobnobbing at the World Economic Forum in Davos this week. Amazon Sale
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