Just 8 men own the same wealth as the poorest half of the population, report says

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Just 8 men own the same wealth as the poorest half of the population, report says

Just 8 men own the same wealth as the poorest half of the population, report says




Eight of the world's richest men own approximately the same amount of wealth as the poorest half of the population, a new report from Oxfam claims.*

Four of these eight billionaires are from the tech industry: Microsoft founder Bill Gates, Amazon founder Jeff Bezos, Facebook co-founder Mark Zuckerberg and Oracle co-founder Larry Ellison. Together, the world's 8 richest men own 426.2 billion dollars — roughly as much as the 3.6 billion poorest people on Earth.*

SEE ALSO: Could 2017 be the year people take universal basic income seriously?


Oxfam, a global organization that aims to fight poverty, based the report — dubbed "An eco**my for the 99%" — on Forbes' billionaires list and the Credit Suisse Global wealth Data book 2016.* Read more...

More about Poverty, Billionaires, Rich, Oxfam, and Us World

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