Calls for new tax as richest 1% of Irish people own more than a quarter of country’s wealth

The richest 1% of Irish people have more than a quarter of the country’s wealth, according to a report from anti-poverty charity Oxfam.

The number of Irish people with individual wealth of more than 46.6 million euro has more than doubled between 2012 and 2022, from 655 to 1,435.

Oxfam said that for every 93.15 euro of wealth created in the last ten years, 31.67 euro has gone to the richest 1% and less than 0.5 euro to the bottom 50%.