"The Doubling Wealth of the World's Top Billionaires: A Decade of Disparity"

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Source: CNBC
"The Doubling Wealth of the World's Top Billionaires: A Decade of Disparity"
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TL;DR Summary

According to an Oxfam report, the combined wealth of the world's five richest men has more than doubled since 2020, reaching $869 billion in November 2023. The report highlights the increasing wealth gap, with the richest 1% owning 43% of global financial assets, and calls for measures to curb corporate power and reduce wealth inequality, as the charity warns that extreme poverty persists while a small number of individuals race to become the world's first trillionaire within the next decade.

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