extreme wealth

Today, just four of Africa’s richest billionaires hold $57.4 billion in wealth — more than the combined wealth of 750 million people.

Experts from Oxfam will be present at the upcoming G20 Leaders’ Summit in Rio de Janeiro, Brazil, where they will be available for interviews about their key areas of expertise, including inequality, taxation, hunger, and climate justice. 

The COVID-19 pandemic and cost-of-living crisis were a windfall for the ultra-wealthy in the Middle East and North Africa (MENA), who saw their wealth almost double between 2019 and 2022, reveals an Oxfam report published today ahead of the World Bank and International Monetary Fund (IMF) Annual Meetings in Marrakech. 

Pressure is piling on the G20 to lead a global push to increase taxes on the richest citizens back to past levels that most people believe were fairer and more useful for society.