Friday, December 13, 2019

Just 26 of the world's richest men have more combined wealth than the poorest 3.8 billion people

The world's richest people are steadily getting richer, but the world's poorest are not, a report by poverty-focused non-profit network Oxfam revealed.

Billionaires added an average of $2.5 billion to their collective fortunes every day in 2018, bringing their share of the world's wealth to $1.4 trillion, according to Oxfam. That is the same amount of wealth controlled by the world's poorest 3.8 billion people.

The world's wealth is increasingly concentrating among top billionaires. In 2017, it would have taken 42 of the world's wealthiest people to match the wealth of the world's poorest 4 billion people, Oxfam reported.


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