Monday, January 20, 2014

Richest 85 = Same Wealth as 1/2 of Population

According to a new report by Oxfam, the richest 85 people in the world control as much wealth as about one-half of the world's population.

That is 85 people compared with 3.5 billion.

A new report from Oxfam has been published in time for the World Economic Forum in Davos this week.
It shows the world's ultra-wealthy have not only recovered from the global financial crisis, they have positively blossomed.
The report shows the wealth of the 1 per cent richest people in the world is worth about $110 trillion, 65 times the total wealth of the bottom half of the world's population.
It also shows the world's richest 85 people control about $1.7 trillion in wealth, equivalent to the bottom half of the world's population.

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