WASHINGTON, DC The past 12 years have been extremely good for the ultra-rich. The fortunes of billionaires, a group comprising the 2,640 wealthiest people on the planet, most of whom are men, has more than doubled. The wealth gap between the top 0.01 per cent and the bottom half of the world’s population has increased by 50 per cent since the 2008 global financial crisis.
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Oxfam International published its inequality report, finding it could take 230 years to end poverty.Meanwhile, it will be just a few years before the world