CNN —
The five wealthiest people on Earth have become a whole lot richer in recent years.
Since 2020, these billionaires’ net worth has skyrocketed 114% to a total of $869 billion, after taking inflation into account, according to Oxfam’s annual inequality report, released Sunday. If current trends continue, the world could see its first trillionaire in a decade.
At the same time, nearly 5 billion people globally have become poorer, as they contend with inflation, war and the climate crisis. It would take nearly 230 years to eliminate poverty based on the current trajectory.
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