The World's 85 Richest Now Worth as Much as 3.5 Billion Poorest - Oxfam

The World's 85 Richest Now Worth as Much as 3.5 Billion Poorest - Oxfam

"The poorest half of the world’s population—that’s 3.5 billion people—control as much wealth as the richest 85 individuals.


On the eve of World Economic Forum, when the global elite gather in
Davos, Switzerland, to forecast international trends, Oxfam has released
a new report, “Working for the Few,” (PDF) documenting yawning global wealth disparities. Other findings:


•The world’s richest 1 percent control nearly 50 percent of global wealth.

•In 24 out of 26 countries studied, the richest 1 percent has increased their share of national wealth since 1980.

•Only three in 10 people live in countries where economic inequality has not increased over the past three decades.

•In the U.S., 95 percent of post-financial crash wealth generated (i.e.,
since 2009) went into the bank accounts of the richest 1 percent.

•Nine in 10 people in the United States control less wealth in real terms than they did before the financial crash."