The five richest men in the world have doubled in value since 2020, according to a survey
According to Oxfam, the aggregate wealth of the five richest men in the world climbed from $405 billion in March 2020 to $869 billion in November 2023.
An Oxfam research claims that since 2020, the wealthiest five men in the world have more than doubled. The organization advocates for restrictions on «corporate power.»
According to the report, the collective wealth of the world’s richest individuals, which includes Elon Musk, the CEO of Tesla, Bernard Arnault and his family, Jeff Bezos, the founder of Amazon, Larry Ellison, the founder of Oracle, and seasoned investor Warren Buffett, increased from $405 billion in March 2020 to $869 billion in November 2023. Oxfam used information that hasn’t been independently verified from Wealth X and Forbes.
According to the research, a billionaire serves as the CEO or major stakeholder of seven of the ten largest corporations in the world.
According to the study, the richest 1% of persons in the world control 43% of all financial assets worldwide, including shares in privately held companies and publicly traded securities like stocks and bonds.
According to Oxfam, «if current trends continue, poverty won’t be eradicated for another 229 years but the world will have its first trillionaire within a decade.»
