26 billionaires own as much as world’s 3.8 billion poorest people – NationofChange
Since the financial crisis, the super-rich billionaires of the world have seen their wealth grow by $2.5 billion a day. This is just one of the shocking revelations in a report published by Oxfam this past weekend.
While the world’s richest people saw their fortunes swell by over $900 billion last year, or $2.5 billion a day, the world’s poorest actually lost wealth at a decline of 11 percent, or $500 million each day.
Oxfam’s report, titled “Private Good or Public Wealth?” revealed that 26 billionaires now own as much wealth as the world’ poorest 3.8 billion people combined.