CNN: The 62 richest people have as much wealth as half the world
The world's 62 richest billionaires have as much wealth as the bottom half of the world's population, according to a new report from Oxfam International.
The wealthiest have seen their net worth soar over the five years ending in 2015. Back in 2010, it took 388 mega-rich people to own as much as half the world.
And the Top 1% own more than everyone else combined -- a milestone reached in 2015, a year earlier than Oxfam had predicted.
Oxfam released its annual report ahead of the World Economic Forum in the Swiss city of Davos, a yearly gathering of political and financial leaders. The study draws from the Forbes annual list of billionaires and Credit Suisse's Global Wealth Databook.
WNU Editor: I am sceptical of Oxfam's numbers. Global wealth is over $200 trillion .... Who Owns What Of The $223 Trillion In Global Wealth (Zero hedge) .... 62 individuals do not own half of that (we have many billionaires in the world, but a trillionaire does not exist yet). But when one looks at the trend lines (see above graph) .... you cannot help but be shocked on how quickly this is all transforming.
More News On The World's 62 Richest Billionaires Having As Much Wealth As Half The World
Richest 1% will own more than all the rest by 2016 -- Oxfam
Richest 1% own more than the rest of us: Oxfam -- AFP
Wealth of richest 1% 'equal to other 99%' -- BBC
Richest 62 billionaires as wealthy as half the world population combined -- The Guardian
Oxfam says 1% of population own half of world’s wealth -- Irish Times
Just 62 People Have the Same Wealth as Half the World's Population: Oxfam -- Newsweek
Oxfam study highlights massive global wealth divide -- USA Today
Just 62 people now own the same wealth as half the world's population, research finds -- The Independent
Richest 1% Now Wealthier Than the Rest of the World, Oxfam Says -- Bloomberg
A world divided: Elites descend on Swiss Alps amid rising inequality -- Reuters
2 comments:
So?
the trick is to provide them with a good or service so that they willingly part with their money.
The visions of rich people hoarding money in their vaults a la Scrooge McDuck are the problem. The rich spend their money on investments, construction, and goods that will ultimately employ the other half of the world. I'm thankful for my rich employers.
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