Miscellaneous

Wealth of billionaires Annual - Oxfam report

January 29 , 2025 7 hrs 0 min 95 0

The Oxfam International report, titled Takers, Not Makers, highlights the wealth extracted from India during British colonial rule
Between 1765 and 1900, the UK drained $64.82 trillion from India, with $33.8 trillion going to the top 10%.
In 1750, India contributed 25% to global industrial output, but by 1900, this fell to 2%.
In 2024, billionaires' wealth increased by a rate three times faster than 2023.
Over 3.5 billion people continue to live on less than $6.85 per day.
The richest 1% now possesses more wealth than 95% of the global population.