At the beginning of 2024 it emerged that the top five richest men in the world had doubled their wealth since 2020.1 If this trend continues, the world could see its first trillionaire within a decade.
But while the richest may be getting richer, for most people it’s a different story. Over two-thirds of global wealth is located within the northern hemisphere (where most billionaires are) and globally 4.8 billion people are now It should come as little surprise that women, racialized people and marginalized communities bear the brunt of these developments.
