World’s richest men ‘double their wealth’ in three years – as Oxfam warns of first trillionaire

The world’s five richest men have more than doubled their fortunes to £688bn in three years – while the wealth of the poorest 60% has fallen, according to Oxfam. It says the first trillionaire could emerge within a decade but that poverty won’t be eradicated for 229 years. The charity’s report, Inequality Inc, comes as business and political leaders meet for the World Economic Forum in the upmarket Swiss ski resort of Davos. It’s traditionally used the occasion to highlight the divide between rich and poor, but this year says the gap has been “supercharged” since the pandemic. The fortunes…