Oxfam: Billionaire fortunes grew 12% in 2018 as world’s poorest got 11% poorer

SARINYAPINNGAM/iStock(NEW YORK) — In 2018, billionaire fortunes grew by 12 percent — about $2.5 billion every day — as the world’s 3.8 billion poorest people lost about 11 percent of their wealth, according to a report by Oxfam launched to coincide with this year’s World Economic Forum in Davos, Switzerland. The number of billionaires has …

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