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World’s Eight Richest Individuals Have as Much Wealth as Poorest 50%

World’s Eight Richest Individuals Have as Much Wealth as Poorest 50%

The world’s eight richest individuals now have as much wealth as the 3.6 billion people who make up the poorest half of the world, according to Oxfam.  The world’s poorest 50% owned the same in assets as the $426 billion thats headed by a group of rich men including Bill Gates, Amancio Ortega, Warren Buffett, Carlos Slim Helu, Jeff Bezos, Mark Zuckerberg, Larry Ellison & Michael Bloomberg.

“The world’s poorest 50% owned the same in assets as the $426 billion thats headed by a group of rich men.”

~ BBC

The Oxfam report has also indicated that between 1988 & 2011, the incomes of the poorest 10% increased by just $65, while the incomes of the richest 1% grew by $11,800 per person, almost 182 times as much.

Related Reports: BBC, The Guardian

 


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