Richest men: Eight men now control as much wealth as the world’s poorest 3.6 billion people, according to a new report from Oxfam International. The men, Bill Gates, Warren Buffett, Carlos Slim, Jeff Bezos, Mark Zuckerberg, Amancio Ortega, Larry Ellison and Michael Bloomberg, are collectively worth $426 billion, the anti-poverty group said on Sunday. “Such dramatic inequality is trapping millions in poverty, fracturing our societies, and poisoning our politics,” said Paul O’Brien, Oxfam America’s Vice President for Policy and Campaigns.
More..
- Mysterious places on earth scientists still cant explain – This’ll make you fear GOD (With Photos)
- LADIES: 13 things you should do to keep your man – EVERY MAN loves #11
- Female celebs who are s*x machines (With Photos)
- 15 Terrifying facts about the Bermuda Triangle (With Pictures)
The release of the group’s annual inequality report coincides with the World Economic Forum in Davos. The annual meeting in the Swiss mountain resort brings together political and financial leaders and some of the wealthiest people in the world.
The Oxfam report said that the richest 1% has owned more wealth than the rest of the planet since 2015. In the U.S., the richest 1% control 42% of the wealth.
The study draws from Forbes’ annual list of billionaires and Credit Suisse’s Global Wealth Databook.
It has been four years since the WEF identified rising economic inequality as a major threat to social stability. But Oxfam said the problem is just getting worse.
Source: CNN
CLICK HERE to join our BBM Channel for faster updates
TRENDING NOW
- Tonto Dikeh’s husband finally responds to Tonto’s recent marriage crisis rumour
- SOIL YOUR FINGERS! Check out these 5 “Dirty Businesses” that will fetch you millions in Nigeria
- 40 fun questions to ask your partner while chatting
- The long list of celebs Leonardo DiCaprio has slept with – #7 will get you knocked out (With Photos)
- 21 World famous celebrities you never knew were Nigerians – This will shock you! (With Pictures)
- 6 things you need to do now if you want to be a millionaire before 40 – #3 is very IMPORTANT
- Top 16 richest Nigerian actresses and what they have in their account – #7 is a newcomer
Discussion about this post