The combined fortunes of the world's five richest men have more than doubled to $869 billion since 2020, while five billion people have been made poorer, a report from Oxfam has claimed. The anti-poverty charity estimated that 148 top corporations made $1.8 trillion in profits, 52 percent up on 3-year average, allowing hefty pay-outs to shareholders even as millions of workers faced a crisis as led to wage cuts in real terms.The inflation-adjusted surge in wealth of the top five billionaires was driven by strong gains in the assets of CEO , LVMH chief Bernard Arnault, Amazon's , Oracle co-founder Larry Ellison and investor Warren Buffett.
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