Since 2020, 5 Richest Have Doubled Wealth, 5 Billion Have Become Poorer

A report from the charity, published as the global elite hobnob at the World Economic Forum in Davos this week, said their wealth rose from $405 billion in 2020 to $869 billion last year.

The world's wealthiest five men have more than doubled their fortune since 2020, the charity Oxfam said on Monday, as it called on nations to resist the ultra-rich's influence over tax policy.

A report from the charity, published as the global elite hobnob at the World Economic Forum in Davos this week, said their wealth rose from $405 billion in 2020 to $869 billion last year.

Yet since 2020, nearly five billion people worldwide have grown poorer, Oxfam said.