A new report released by Oxfam International on Tuesday has revealed stark economic disparities in Nepal, showing that the richest 1 percent own 519 times more wealth than the poorest half of the population. The top 1 percent controls 24.5 percent of national wealth, while the bottom 50 percent share just 4.7 percent. The report also notes a 40 percent increase in food insecurity since 2019, now affecting 36.6 percent of Nepalis. Globally, billionaire wealth grew by 16 percent to USD 18.3 trillion, with Elon Musk topping the list at USD 500 billion.
Source: https://policy-practice.oxfam.org/resources/fighting-inequality-in-nepal-the-road-to-prosperity-620607/
