The charity’s report argues that the UK owes reparations to the colonial country for extracting money between 1765 and 1900

The combined wealth of UK billionaires surged by a staggering £35 million per day in 2024, reaching a total of £182 billion, according to a new report by Oxfam. At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

Oxfam said trillionaires are expected to emerge within the next decade, as the richest 1% now own 45% of global wealth, while 44% of humanity lives on less than $6.85 per day.

Per the Oxfam report, even during colonialism, a similar pattern was followed by allowing private multinational corporations monopolies with overseas expansion. The UK extracted $64.82 trillion from India over a century of colonialism between 1765 and 1900,

The wealth of the world’s billionaires skyrocketed by a staggering 2$ trillion (£1.64 trillion) in 2024, a surge three times

In a startling revelation, Oxfam’s latest report has exposed the surging inequality in Nigeria, where the wealth of the richest continues to grow

Costs should be borne by the richest, who benefited the most from colonialism, says charity

Oxfam Nigeria, a non-profit organisation, has warned that the wealth gap in Nigeria has reached crisis levels, with 70 percent of the population experiencing hunger.

Over the course of colonialism from 1765 to 1900, the United Kingdom (UK) drew an astounding $ 64.82 trillion from India, as per the latest annual report on global inequality by rights group Oxfam International.

Oxfam, a UK-based rights organization, has released a report claiming that nearly USD33.8 trillion of India's wealth was siphoned off to the richest

Billionaire wealth grew by $2 trillion in 2024 alone, equivalent to roughly $5.7 billion a day, at a rate three times faster than the year before. An average of nearly four new billionaires were minted every week.