The wealthiest 62 people in the world now own as much as half the world’s population (about 3.5 billion people). As the super-rich have grown richer and the poor poorer, an international charity said on Monday. The wealth of the richest 62 people has risen by 44 percent since 2010, while the wealth of the poorest 3.5 billion fell 41 percent, Oxfam said in a report released ahead of the World Economic Forum’s annual meeting in Davos, Switzerland.
Almost half the super-rich individuals are from the United States, 17 from Europe, and the rest from countries including China, Brazil, Mexico, Japan and Saudi Arabia. “World leaders’ concern about the escalating inequality crisis has so far not translated into concrete action – the world has become a much more unequal place and the trend is accelerating,” Oxfam International’s executive director, Winnie Byanima, said in a statement accompanying the report. “We cannot continue to allow hundreds of millions of people to go hungry while resources that could be used to help them are sucked up by those at the top,” Byanima added.
However, with the kind of influence the world’s richest people have over world leaders. It would be difficult to tilt the balance anytime soon.