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Davos
NZ’s two richest men gain $1.1b while poorest Kiwis lose out
Submitted by Oxfam on January 21, 2019 - 12:56pm
The two richest people in New Zealand added an astounding NZ$1.1billion to their fortunes in 2017-2018, while the wealth of the poorest half of the country decreased overall, according to new Oxfam research released today.
The report reveals that the richest 5% of the population collectively owns more wealth than the bottom 90%.