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Richest 62 billionaires as wealthy as half the world population combined
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Richest 62 billionaires as wealthy as half the world population combined

by the First Source News MediaJanuary 18, 2016

Charity says only a crackdown on tax dodging, higher investment in public services and higher wages can halt the wealth divide widening even further and faster

The vast and growing gap between rich and poor has been laid bare in a new Oxfam report showing that the 62 richest billionaires own as much wealth as the poorer half of the world’s population.

Timed to coincide with this week’s gathering of many of the super-rich at the annual World Economic Forum in Davos, the report calls for urgent action to deal with a trend showing that 1% of people own more wealth than the other 99% combined.

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