Money, money, money: The four charts that show just how obscenely wealthy the world's 62 richest people are

Money, money, money, always sunny in the rich man’s world

Feeling rich? This news story will bust that myth immediately.

According to Oxfam’s latest wealth report, the world’s 62 richest billionaires own as much wealth as the poorer half of the world’s population.

The research found that the wealth of the poorest half of the world’s population - that’s 3.6 billion people - has fallen by a trillion dollars since 2010. Meanwhile the wealth of the richest 62 has increased by more than half a trillion dollars to $1.76 trillion. Just nine of the 62 are women.

Mark Goldring, Oxfam GB chief executive, said: “It is simply unacceptable that the poorest half of the world population owns no more than a small group of the global super-rich - so few, you could fit them all on a single coach. 

“World leaders’ concern about the escalating inequality crisis has so far not translated into concrete action to ensure that those at the bottom get their fair share of economic growth. In a world where one in nine people go to bed hungry every night we cannot afford to carry on giving the richest an ever bigger slice of the cake.

“We need to end the era of tax havens which has allowed rich individuals and multinational companies to avoid their responsibilities to society by hiding ever increasing amounts of money offshore. 

“Tackling the veil of secrecy surrounding the UK’s network of tax havens would be a big step towards ending extreme inequality. Three years after he made his promise to make tax dodgers ‘wake up and smell the coffee’, it is time for David Cameron to deliver.”

These four charts just show obscenely rich the world’s wealthiest people are:

Oxfam inequality report - infographics

 

 

Oxfam inequality report - infographics

 

 

Oxfam inequality report - infographics

 

 

Oxfam inequality report - infographics

Chart source: Oxfam

 

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Readers' comments (3)

  • No names , no pack drill hey!

    The real problem is taxation is aimed at hitting the middle earners, not the obscenely rich.

    For example the new Buy to Let
    stamp duty and the reduction of interest relief is designed to hit the small investor while those with 15+ properties are not affected.

    Guess a certain chancellor knows how to look after his chums!

    PS If you rent expect an increase in your rent because of this!

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  • Anonymous

    It's a good thing. Without population control and we were all Millionaires we would have run out of oil long ago.

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