Oxfam: 80 people control more wealth than 3.5 billion; global top 1% more than the 99% [View all]
Global wealth is becoming increasing concentrated among a small wealthy elite.
Data from Credit Suisse shows that since 2010, the richest 1% of adults in the
world have been increasing their share of total global wealth. Figure 1 shows that
2010 marks an inflection point in the share of global wealth going to this group.
In 2014, the richest 1% of people in the world owned 48% of global wealth,
leaving just 52% to be shared between the other 99% of adults on the planet.1
Almost all of that 52% is owned by those included in the richest 20%, leaving just
5.5% for the remaining 80% of people in the world.
If this trend continues of an increasing wealth share to the richest, the top 1% will have more wealth than the remaining 99% of people in just two years, as shown on Figure 2, with the wealth share of the top 1% exceeding 50% by 2016...
The wealth of these 80 individuals is now the same as that owned by the bottom
50% of the global population, such that 3.5 billion people share between them the
same amount of wealth as that of these extremely wealthy 80 people.
http://www.oxfam.org/sites/www.oxfam.org/files/file_attachments/ib-wealth-having-all-wanting-more-190115-en.pdf
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