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G20 billionaires gained $2.2T in 2024—enough to lift 3.8B out of poverty, Oxfam says ahead of summit.
Billionaires in G20 nations earned $2.2 trillion in 2024, enough to lift 3.8 billion people out of poverty, Oxfam reported ahead of the G20 summit in South Africa.
The charity urged the group to create an international inequality panel like the IPCC and support fair taxation of the wealthy.
It criticized the U.S. for missing the summit and said 3.4 billion people live in countries paying more in debt interest than on health and education.
The G20, representing 85% of global GDP, aims to advance issues affecting developing nations before the U.S. takes over the presidency in 2026.
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Los multimillonarios del G20 ganaron 2.2 billones de dólares en 2024, lo suficiente como para sacar a 3.8 billones de personas de la pobreza, dijo Oxfam antes de la cumbre.