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Richest 0.1% Hide $2.8 Trillion Offshore, Oxfam Reports

4/3/2026

50 9 Full Breakdown

Summary

Story summary

Oxfam International reports the richest 0.1% hide more than $2.8 trillion offshore to evade taxes.
That sum surpasses the wealth of the bottom half of humanity.
The report finds the top 0.001% holds roughly three times the poorest half's wealth.
It also notes the top 1% controls 80% of untaxed offshore wealth, with the British Virgin Islands and Switzerland cited as major offenders.

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Story summary

Oxfam International reports the richest 0.1% hide more than $2.8 trillion offshore to evade taxes.
That sum surpasses the wealth of the bottom half of humanity.
The report finds the top 0.001% holds roughly three times the poorest half's wealth.
It also notes the top 1% controls 80% of untaxed offshore wealth, with the British Virgin Islands and Switzerland cited as major offenders.