By 2016, the world's top 1% will own more than half of all the world's wealth
Wealth accumulated by the richest one percent will exceed that of the other 99 percent in 2016, the Oxfam charity said Monday, ahead of the annual meeting of the world’s most powerful at Davos, Switzerland.
“The scale of global inequality is quite simply staggering and despite the issues shooting up the global agenda, the gap between the richest and the rest is widening fast,” Oxfam executive director Winnie Byanyima said.
The richest one percent’s share of global wealth increased from 44 percent in 2009 to 48 percent in 2014, the British charity said in a report, adding that it will be more that 50 percent in 2016.
The average wealth per adult in this group is $2.7 million (2.3 million euros), Oxfam said.
Of the remaining 52 percent, almost all — 46 percent — is owned by the rest of the richest fifth of the world’s population, leaving the other 80 percent to share just 5.5 percent with an average wealth of $3,851 (3,330 euros) per adult, the report says.
http://www.rawstory.com/rs/2015/01/global-income-inequality-richest-1-to-own-half-of-worlds-wealth-by-2016/
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