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As hundreds of world leaders and chief executives headed to the Swiss ski resort of Davos Monday for this year's five-day annual meeting of the World Economic Forum (WEF), Oxfam is warning of a growing gulf of inequality fueled by corporate power.
"The world's richest five men have more than doubled their fortunes this decade since 2020 ... while nearly 5 billion people have been made poorer. At current rates, the world will see its first trillionaire within a decade, while it will take over two centuries to end poverty," said Nabil Ahmed of Oxfam America.
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