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

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

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.

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

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,

There is increasing disparity in the world today as an "aristocratic oligarchy" is amassing wealth at unforeseen levels, a report published by development organization Oxfam said. Published ahead of the World Economic Forum (WEF) in Davos,

The UK extracted USD 64.82 trillion from India over a century of colonialism between 1765 and 1900 and USD 33.8 trillion of this went to the richest 10 per cent -- enough money to carpet London in notes of 50 British pound almost four times over.

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

At current trends the charity Oxfam predicts up to five trillionaires are expected to emerge within the next decade.

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.

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.