When wealth becomes influence: The rich grow their fortunes while half the world remains in poverty

When wealth becomes influence: The rich grow their fortunes while half the world remains in poverty

The number of billionaires worldwide continues its unprecedented rise, while their wealth is growing at an alarming rate, according to a recent report released by Oxfam ahead of the World Economic Forum in Davos on Monday. This serves as a further indicator of the widening global inequality gap. Oxfam stated that the world's richest man, Elon Musk, earns in just four seconds the equivalent of an average person's annual income. According to the organization's calculations, Musk would need to donate more than $4,500 every second to start his wealth decreasing instead of continuing to grow. The report's figures reveal that billionaires earn an average of $6,000 during a short 20-minute nap and around $145,000 during an eight-hour night's sleep, as reported by the German Press Agency (dpa). This stark comparison reflects the vast disparity between the wealthy elite and the majority of the world's population. Record Wealth Growth in 2025 The organization, which focuses…