World's five richest men have doubled their wealth since 2020, report finds
Publishing timestamp: 2024-01-15 06:40:41
Summary
The combined fortune of the world's five richest men has more than doubled since 2020, according to an Oxfam report. The report highlights the soaring wealth of individuals such as Elon Musk, Bernard Arnault, Jeff Bezos, Larry Ellison, and Warren Buffett. Oxfam calls for measures to reduce the wealth gap, including capping CEO pay and introducing taxes on permanent wealth and excess profits. The report also reveals that the world's richest 1% own a significant portion of global financial assets.
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Keywords: business news, bernard arnault, lvmh moet hennessy louis vuitton se, larry ellison, amazon.com inc, elon musk, jeff bezos, tesla inc, warren buffett, oracle corp,