Oxfam released report titled An economy for the 99 per cent

Posted on:18 Jan 2017 09:17:27
Oxfam released report titled An economy for the 99 per cent
18 January 2017 Current Affairs: The Oxfam has released a report entitled An economy for the 99 percent. The report was released Oxfam to mark the annual World Economic Forum (WEF) meeting of political and business leaders in Davos, Switzerland.

Highlights of the report :  The world’s eight richest people own the same wealth as the 3.6 billion people who make up the poorest half of humanity.

The report describes that the big business and the super-rich are fuelling the inequality crisis by dodging taxes, driving down wages and using their power to influence politics.

Oxfam’s report shows how our broken economies are funnelling wealth to a rich elite at the expense of the poorest in society.

The world’s 8 richest people are -

Bill Gates: Founder of Microsoft (net worth $75 billion)

Amancio Ortega: Founder of Inditex, which owns the Zara fashion chain (net worth $67 billion)

Warren Buffett: American CEO and largest shareholder in Berkshire Hathaway (net worth $60.8 billion)

Carlos Slim Helu: Owner of Grupo Carso (net worth: $50 billion)

Jeff Bezos: American founder, chairman and chief executive of Amazon (net worth: $45.2 billion)

Mark Zuckerberg: American chairman, chief executive officer and co-founder of Facebook (net worth $44.6 billion)

 Larry Ellison: American co-founder and CEO of Oracle  (net worth $43.6 billion)

Michael Bloomberg: American founder, owner and CEO of Bloomberg LP (net worth: $40 billion)

 

Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs December 2017

18 DECEMBER
NEWS
17 DECEMBER
NEWS
16 DECEMBER
NEWS
15 DECEMBER
NEWS

Current Affairs November 2017

30 NOVEMBER
NEWS
29 NOVEMBER
NEWS
28 NOVEMBER
NEWS
27 NOVEMBER
NEWS

Current Affairs October 2017

31 OCTOBER
NEWS
30 OCTOBER
NEWS
29 OCTOBER
NEWS
28 OCTOBER
NEWS