While the total assets of the world's top five richest people have more than doubled in the past three years to approximately 127 trillion yen, 4.8 billion people have become even poorer.
Of the world's population of approximately 8 billion people, approximately 5 billion people on the poor side have become even poorer since 2020, while the richest five have more than doubled their wealth. I did.
Inequality Inc. How corporate power divides our world and the need for a new era of public action - Oxfam Policy & Practice
World's five richest men double their money as poorest get poorer | Inequality | The Guardian
According to a report released by Oxfam, an NGO working to eliminate global poverty, 4.8 billion of the world's population will become poorer from 2020 to 2023.
On the other hand, the total assets of the world's top five richest people increased from $405 billion (about 59 trillion yen) to $869 billion (about 127 trillion yen). The increase rate is 114%, more than double.
The 'Top 5 Richest People in the World' refers to the following five people.
1: Elon Musk (founder of Tesla and SpaceX and owner of X)
2: Mark Zuckerberg (Meta founder)
3: Jeff Bezos (founder of Amazon)
4: Larry Ellison (founder of Oracle)
5: Bernard Arnault (CEO of LVMH and Christian Dior)
Economic magazine Bloomberg also reports that the assets of the wealthy are increasing.
The amount of assets owned by the five millionaires is that even if each of them used 1 million dollars (about 150 million yen) every day, it would take 476 years to use them up.
In the case of Jeff Bezos, his assets as of 2023 are $167.4 billion (about 24.5 trillion yen), an increase of $32.7 billion (about 4.8 trillion yen) from 2020. The cost of Mr. Bezos' space trip in July 2021 was $5.5 billion (about 804 billion yen), and Mr. Bezos sent a message of gratitude to Amazon employees from space.
However, Amazon is also known as a company that prevents workers from organizing unions to improve the environment. For example, Ryan Brown, who works at a distribution center in North Carolina, described his work as 'monotonous and physically demanding' and organized to improve his environment because of rampant racism and abuse in the workplace. I am involved in Sushi, who works at a seafood processing company in Southeast Asia and delivers food to Amazon-affiliated supermarkets, said, ``I don't have time to rest during work, and I'm not even allowed to drink water.''
Globally, the gap between rich and poor is widening, and 43% of the world's financial assets are held by the top 1% of wealthy people. On the other hand, carbon emissions are the same for the top 1% of the rich and two-thirds of the poor.
Also, gender and racial differences have been pointed out, for example, it is said that men own 105 trillion dollars (approximately 1,530 trillion yen) more assets than women. This is four times the size of the American economy. Additionally, it would take 1,200 years for a woman working in the medical or social sector to earn the same annual salary as a CEO of a Fortune 100 company.
The typical black American family owns only 15.8% of the assets held by white families. Also, white people living in Brazil earn more than 70% more than people of African descent.
Low- and middle-income countries are facing $500 million a day in debt and interest payments by 2029, forcing them to cut spending. It has been pointed out that women will be particularly affected by this, and Oxfam is sounding the alarm that this abnormal polarization is becoming the new norm.
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