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Oxfam Annual Wealth Check report 2019
January 26 , 2019
2035 days
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- The Annual Wealth Check report 2019 of Oxfam has been released marking the start of the World Economic Forum in Davos.
- 26 richest billionaires own as many assets as the 3.8 billion people who make up the poorest half of the world.
- The rich had grown richer and the poor poorer in 2018 and the widening gap is hindering the fight against poverty.
- The number of billionaires has doubled during the last 10 years. A new billionaire was being created every two days in 2017-2018.
- The top 1% of India’s richest lot got richer by 39% as against just 3% increase in the wealth for the bottom half of the population.
- The wealth of the Indian billionaires witnessed an increase by Rs 2,200 crore a day last year.
- Top 10% of the richest population in India holds 77.4% of the total national wealth.
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