The wealth of Italy's billionaires in 2024 increased by 61.1 billion euros - or 166 million a day - reaching a total value of 272.5 billion owned by 71 individuals, Oxfam said in its report 'Inequality: unfair poverty and undeserved wealth" published on Monday for the World Economic Forum annual meeting in Davos.
    The survey, which highlighted the growing gap between wealth and poverty worldwide, expressed "great concern" for absolute poverty which in 2023 remained stable compared to the previous year but saw over 2.2 million households - for a total of 5.7 million people - live in a situation of absolute poverty.
    Overall, 5% of the wealthiest families possessed 47.7% of the national wealth, it said.

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