So far it's a grand decade for billionaires, says new report. As for the masses ...
As the World Economic Forum kicks off in Davos, the charity Oxfam has issued its annual report on wealth, poverty and inequality. It makes some bold assertions. But there are skeptics.
"Billionaires, for many of them, times have never been better."
That's a quote from Rebecca Riddell, the policy lead for economic and racial justice at Oxfam America.
"If you'd put their money in a room in 2020, and then you came back at the end of 2023, you would have found that the wealth has grown enormously," says Riddell. "Three times the rate of inflation."
The success of billionaires is one of the key points in a new report from global charity Oxfam International titled "Inequality Inc." It's an annual publicationissued to coincide with the meeting of the World Economic Forum in Davos, Switzerland, which begins on Monday, Jan. 15. Each year since 1971, government and business leaders have come to the
