Billionaires' wealth hits new peak amid rising poverty, Oxfam says

Billionaire wealth surged at three times ‍its recent pace ​last year to reach its highest level on record, deepening economic and political divides that threaten democratic ⁠stability, anti-poverty group Oxfam said on Monday. In France, 53 billionaires are as wealthy as 48 percent of citizens. Meanwhile, more than 11 million people in the country live in poverty, a record high.