Forbes billionaires list shows economies reward wealth - not work

Commenting on the 2018 Forbes billionaires list, which revealed that Amazon boss, Jeff Bezos, fortune has risen to $112bn from an estimated $39.2bn in one year - the biggest rise ever - Max Lawson, Oxfam's Head of Policy on Inequality said:

"Billionaire fortunes have risen six times faster than the wages of ordinary workers since 2010. Our failing economies are enriching a wealth minority while millions of ordinary workers are struggling to survive on poverty pay.

"Governments need to build economies that work for everyone and not just a fortunate few.  They should ensure all workers are paid a living wage; that corporations and the super-rich pay more tax; that women workers have the same rights as men; and that power and wealth is shared across society."

 

Notes to editors: 

More details on the 2018 Forbes Billionaires List is here.

The Oxfam's Inequality Report 'Reward Work, Not Wealth' revealed that billionaire wealth had increased by 13 percent a year since 2010 while the wages of ordinary workers rose by just 2 percent a year.

Contact information: 

Anna Ratcliff: anna.ratcliff@oxfam.org or +447796993288