Jan 19, 2016

The Richest 62 People Are As Wealthy As Half The World's Population Combined

Source : Forbes Business


A new report from charity Oxfam has drawn attention to the extent of financial inequality across the globe, highlighting the massive gulf between rich and poor. It found that in 2015, 62 individuals owned as much wealth as the poorest half of the world’s population.

The report criticised the amount of money kept in elaborate tax havens and the industry of wealth managers that keeps it there. There is an estimated $7.6 trillion held offshore – more than the combined GDP of the UK and Germany. Cash and assets of $68,000 would get you into the richest 10 percent of the world’s population while $760,000 would count you among the top one percent.

*Click below to enlarge (charted by Statista)


Source: Forbes Business



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