Guardian Business Mar 12, 11:00 AM
‘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 cactus-covered hillside. The two-bedroom turquoise house she built with her now-deceased husband is crammed with bags of clothes and knick-knacks she sells at a weekly market.
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