Trending Today
World’s Billionaires Are Richer Than 60% of Global Population
The World’s billionaires are richer than 60 percent of the population, says a recent study.
Oxfam recently released a new report called, ‘Time to Care,’ focusing on the worldwide issue of wealth inequality.
According to the report, the world’s 2,153 billionaires have more money than the combined wealth of 4.6 billion people in the world.
Broken down further, the richest one percent are twice as wealthy as 90 percent of the human population.
Oxfam’s report particularly focused on wealth inequality in terms of privileged men and underpaid women.
They found that the 22 wealthiest men in the world, including Jeff Bezos and Bill Gates, possess more wealth than all of the women in Africa combined. They also found that women contribute $10.8 trillion to the global economy every year by putting in over 12 billion hours of unpaid care work every day.
-
OER Magazines2 months agoOER, February 26
-
Alamaliktistaad Magazines2 months agoAl-iktisaad, February 26
-
Economy2 months agoMiddle East Tensions Heighten Risks to Strait of Hormuz, Raising Uncertainty for Global Oil Markets
-
Economy2 months agoANALYSIS: Oil Near Seven-Month Highs Amid US, Iran Tensions
-
News2 months agoA Family Iftar Destination Arrives at Al-Futtaim IKEA in Oman
-
Economy2 months agoExclusive: Inside Oman’s Evolving MSME Finance Ecosystem – An Interview with Hussain Al Lawati, CEO, Development Bank
-
Banking & Finance4 weeks agoSohar International Contributes OMR100,000 to Support Those Affected by Al Masarrat Weather Conditions
-
News2 months agoAir India Express Announces ‘Payday Sale’; Offers Lowest Fares Across Domestic & International Network
