Oxfam: The World’s 85 Richest People Own As Much As The 3.5 Billion Poorest

85 Richest People Own As Much As Bottom Half Of Population, Report Says -- L.A. Times

The 85 richest people on Earth have the same amount of wealth as the bottom half of the population, according to a new report that highlights growing income inequality as political and business leaders gather for the annual World Economic Forum in Davos, Switzerland.

Those wealthy individuals are a small part of the richest 1% of the population, which combined owns about 46% of global wealth, according to the report from British humanitarian group Oxfam International.

The study found the richest 1% had $110 trillion in wealth -- 65 times the total wealth of the bottom half of the population.
That bottom half of the population owned about $1.7 trillion, or about 0.7% of the world's wealth. That's the same amount as owned by the 85 richest people, the report said.

The findings undermine democracy and make it more difficult to fight poverty, the report said.

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More News On The The World’s 85 Richest People Owning As Much As The 3.5 Billion Poorest

The World's 85 Richest Now Worth as Much as 3.5 Billion Poorest -- Bloomberg Businessweek
World's 85 richest have as much money as 3.5billion poorest people put together -- Daily Mail
World's 85 richest have same wealth as 3.5 billion poorest -- NBC/CNBC
World's 85 richest people have as much wealth as half the population: Oxfam -- CTV
Wealth inequality growing, Oxfam says -- UPI
Obscene wealth: World’s 85 richest have same wealth as 3.5 billion poorest – Oxfam -- RT
One Stat to Destroy Your Faith in Humanity: The World’s 85 Richest People Own as Much as the 3.5 Billion Poorest -- Time

WNU Editor: The Oxfam report is here.