×
App Icon
The Standard e-Paper
Join Thousands of Readers
★★★★ - on Play Store
Download Now

82 percent of wealth created last year went to rich people

Aerial view of Kibera Slums in Kenya: Oxfam says 3.7 billion people who make up the poorest half of the World saw no increase in their wealth

NAIROBI, KENYA: A Chief Executive Officer (CEO) in United States Of America Company takes slightly over one working day to earn what an ordinary worker makes in a year, a new Oxfam report released on Friday reveals.

And it takes just four days for a CEO from one of the top five global fashion brands to earn what a Bangladeshi garment worker will earn in her lifetime.

Get Full Access for Ksh299/Week
Bold Reporting Takes Time, Courage and Investment. Stand With Us.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in