Just 62 People Now Own The Same Wealth As Half The World's Population, Research Finds
by The Daily Eye Team January 18 2016, 3:38 pm Estimated Reading Time: 0 mins, 37 secsWealth inequality has grown to the stage where 62 of the world’s richest people own as much as the poorest half of humanity combined, according to a new report. The research, conducted by the charity Oxfam, found that the wealth of the poorest half of the world’s population – 3.6 million people – has fallen by 41 per cent, or a trillion US dollars, since 2010.
While this group has become poorer, the wealth of the richest 62 people on the planet has increased by more than half a trillion dollars to $1.76 trillion. The report, “An Economy for the 1%”, says the gap between the global richest and the global poorest has widened in just the last 12 months.