World’s Top Five Richest People Doubled Their Wealth Since 2020: Oxfam


2024/01/19 18:07:53 IST

Wealth Disparities Surge

    The worlds five wealthiest men have more than doubled their wealth since 2020, highlighting the escalating global wealth disparities.

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Global Poverty On Rise

    Approximately 60% of the global population has experienced a decline in wealth, as revealed in an Oxfam report titled Inequality Inc., underlining the growing global wealth gap.

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Larry Ellison

    Oracles founder, Larry Ellison, has witnessed a staggering 107% increase in wealth since March 2020, accumulating a total of $145.5 billion.

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Jeff Bezos

    Amazon founder Jeff Bezos has seen a notable 24% increase in his wealth, amassing a fortune of $167.4 billion.

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Warren Buffett

    Warren Buffett, CEO of Berkshire Hathaway, experienced a substantial 48% rise in wealth, reaching a total of $119.2 billion.

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Bernard Arnault

    Bernard Arnault, chairman and CEO of LVMH Moët Hennessy Louis Vuitton, along with his family, has boosted their wealth by 111%, amassing a net worth of $191.3 billion.

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Elon Musk

    Despite setbacks from the chaotic takeover of X (formerly Twitter), Elon Musk, co-founder of Tesla and SpaceX, has emerged as a significant winner. His wealth skyrocketed to $245.5 billion by the end of November, reflecting a remarkable 737% increase since March 2020.

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