Africa's seven richest men have more wealth than the poorest 700 million people on the continent

Globally, the wealth of the world’s five richest billionaires has more than doubled since the start of this decade, while 60% of humanity has grown poorer.

This information comes from a recent Oxfam report on inequality and global corporate power.

For years, Oxfam has raised the alarm about widening and extreme inequality. In 2024, the very real danger is that these extraordinary extremes are becoming the new normal.

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