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Report: Richest 1% cornered 82% of wealth created in 2017

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Image: Pacific Press / Getty Images

Last year saw a widening of the global inequality gap and the biggest increase of billionaires in history, according to a report from the anti-poverty charity Oxfam.

Why it matters: Billionaires grew their wealth by $762 billion in 12 months, an increase that Oxfam says could have ended "global extreme poverty" seven times over.