Quick Glance: Wealth Disparity: Richest Double, Poorest Decline
- The world’s five richest men have more than doubled their fortunes since 2020, while the poorest 60% – almost 5 billion people – have lost money.
- The disparity between rich and poor is expected to increase, potentially leading to the world's first trillionaire within a decade.
- The World Bank reports a dramatic increase in inequality, with the richest people growing $3.3 trillion richer since 2020, three times faster than inflation.
- The richest 1% of the world owns 59% of all global financial assets, including stocks, shares, and bonds, as well as stakes in privately held businesses.
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