10 Pc Richest In UK Extracted Wealth From India Worth $33.8 Trillion Between 1765-1900: Oxfam

Between 1765 and 1900, the richest 10 per cent in the UK extracted wealth from India alone worth US$33.8 trillion in today's money -- enough to carpet the surface area of London in the 50-pound notes almost four times over, an Oxfam global report said on Monday.

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According to authors Utsa Patnaik and Prabha Patnaik, of the US$64.82 trillion extracted from India by the UK over a century of colonialism, US$33.8 trillion went to the richest 10 per cent.

In the UK, a significant number of the richest people today can trace their family wealth back to slavery and colonialism, specifically the compensation paid to rich enslavers when slavery was abolished, the report stressed.