With Wall Street titans, tech moguls, and other members of the global financial and political elite set to gather in Davos, Switzerland this week for the annual World Economic Forum, a report published late Sunday found that the planet's richest people saw their fortunes soar by $2.5 billion per day last year as the world's poorest lost wealth.
Titled "Private Good or Public Wealth?" and conducted by Oxfam, the new analysis found that 26 billionaires now own as much wealth as the world's poorest 3.8 billion people combined.
According to Oxfam, the number of billionaires has doubled since the global financial crisis of 2008, even as average families have struggled mightily to recover.
[For more on this story by Jake Johnson, go to https://www.commondreams.org/n...s-38-billion-poorest]
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