9 mind-blowing facts about the world's richest people by Tanza Loudenback on Jan 29, 2018, 3:50 PM Advertisement
 It may come as no surprise, but the rich are getting richer. In fact, the world's richest 1% of people own more wealth than the rest of humanity, according to a report by Oxfam, a non-profit that focuses on fighting global poverty. The report, titled "Reward Work, Not Wealth," revealed an increasingly depressing picture of wealth and gender inequality around the world. "To end extreme poverty, we must also end extreme wealth," Oxfam wrote in the report. "Today's gilded age is undermining our future. Governments should use regulation and taxation to radically reduce levels of extreme wealth, as well as limit the influence of wealthy individuals and groups over policy making." Oxfam's report culled data from multiple sources including Forbes and Credit Suisse. Here are nine of the most mind-blowing facts about the world's richest people: SEE ALSO: There are 6 surprising things everyone always gets wrong about American millionaires DON'T MISS: 7 luxuries you can probably afford — even if it feels like you can't Jeff Bezos, Bill Gates, and Warren Buffett — the three richest Americans — own as much wealth as the bottom 50% of the US population, about 160 million people.
Billionaire wealth rose by nearly 13% annually between 2006 and 2015, while ordinary wages rose by an average of just 2% a year.
The total wealth of the globe's billionaires grew by $762 billion in 2017.
See the rest of the story at Business Insider |
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