World's 42 richest people are worth the same as poorest 50% combined
The world's 42 richest people have as much wealth as the bottom half of its population, an Oxfam report claims.
These top billionaires are sitting on a cash pile worth £1.1trillion as much as the poorest 3.7billion people on the planet, the charity said in a report criticised by some experts for misinterpreting the facts to fit its agenda.
The gap has expanded as the richest tycoons, tech entrepreneurs and heirs and heiresses have been boosted by surging stock markets and record-low interest rates which allow their business empires to grow more quickly.
Last year, it took 61 billionaires to equal the bottom half and as recently as 2009 when the mega-rich were suffering in the Great Recession the figure was 380.
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