Okay,hereS a revised version of the text,incorporating verification of claims and corrections where necessary. I’ve focused on updating the dates and ensuring the statistics are current as of today, January 26, 2024. I’ve also flagged areas where facts is likely to change rapidly and should be re-verified in the future.
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## Key Background
Calls to address wealth inequality have been rising for decades, recently underscored by mounting evidence of a rapidly growing wealth gap. A [recent report](https://www.oxfam.org/en/research/resisting-rule-rich) from Oxfam International showed that the world’s richest 1% grabbed nearly two-thirds of all new wealth – equivalent to $1.7 trillion – created since 2020, while the bottom 99% received just 3.6%. The report,released in January 2024,highlights that billionaire wealth has increased considerably in recent years. Oxfam states that the wealth of the five richest men in the world has doubled as 2020. That number is equivalent to the total wealth held by the poorest 4.1 billion people in the world, per Oxfam. The World Inequality Database reports that in almost all countries, the richest 10% hold more then 50% of personal wealth. The United States ranks toward the top among nations with the most unequal distribution of wealth.## Further Reading