Report Reveals Extreme Wealth Inequality in Mexico

‘Unbelievably unequal’: report shows how 1% of Mexicans own 40% of country’s wealth

Fortunes of the country’s 22 billionaires doubled in last five years, reaching unprecedented collective wealth of $219bn Scrunched between luxury apartment buildings and a lush gated community, the neighborhood of Santa Lucía Reacomodo in Mexico City is a working-class pocket of real estate. Electrical wires tangle above cinder-block houses, stray cats slink down narrow streets, debris piles up on the pavement. María del Socorro Corona, 79, arrived here decades ago, back when it was just a ca...

By Oscar Lopez in Mexico City