The wealth of the top 5 richest people in the world has been more than doubled

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The wealth of the top five richest people in the world is more extensive, they are Jeff Bezos, Warren Buffett, Bernard Arnault, Larry Ellison and Elon Musk.

According to the Oxfam International's annual discrimination report published on Sunday, billionaires' assets overall have dropped to $3.3 trillion or 34 percent since 2020. That is, their wealth has increased three times faster than the rate of inflation in this balance.

According to data, the total wealth of these billionaires has increased by 114 percent to $869 billion since 2020 considering inflation.

And if the current trend continues, the world will see the first trilogy or billionaire wealth worth one billion dollars in a decade.

At the same time, around 5 billion people worldwide have become poorer, with high inflation, war-conflict and water crisis.

Oxfam has known that this situation of widespread wealth disparity, based on the current situation, will take about 230 years to eradicate poverty.

When the World in Davos, Switzerland The annual session of the Economic Forum is starting, at the same time Oxfam published a report based on Forbes' data.

In recent years, Elon Musk, who has managed several companies, including Tesla and SpaceX, has gained the most wealth in the past.

At the end of November last year, his wealth increased to $245.5 billion, which is 737 percent higher than March 2020.

At the same time, French luxury goods giant Louis Vinto (LVMH) chairman Bernard Arnault and his family had a net worth of $191.3 billion, which was 111 percent.

Amazon founder Jeff Bezos' wealth increased 24 percent to $167.4 billion.

On the other hand, Oracle founder Larry Ellison's net worth was $145.5 billion, which was 107 percent.

The list of top five richest people is Warren Buffett, CEO of Berkshire Hathaway, whose total wealth increased to 48% to $119.2 billion.

Also, the wealth of American billionaires (many of whom acquire wealth from the shareholder ownership of companies) has increased to $1.6 trillion. Sources: Oxfam, CNN

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