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62 billionaires own as much wealth as nearly 50% of the global population

by LiveModern Webmaster last modified Jan 23, 2016 01:04 AM
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by Greg Beach last modified Jan 22, 2016

Since the establishment of the UN Millennium Development Goals in 2000, progress has been sporadic. While the global community has had some success in alleviating global poverty, global wealth inequality has reached extreme new levels.




 

 

Oxfam, Oxfam International, Oxfam map

Since the establishment of the UN Millennium Development Goals in 2000, progress has been sporadic. While the global community has had some success in alleviating global poverty, global wealth inequality has reached extreme new levels. 62 individuals now possess assets that combined represent 48 percent of the world’s total wealth. This trend of top-heaviest wealth distribution shows no signs of slowing down. In a new report, Oxfam warns that by year’s end, the world’s top 1 percent will unequivocally be worth more than the rest of the world combined.



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