Eight men are richest in the world than combined wealth of half the world’s population. According to an analysis by Oxfam, eight multi billionaires owns more money than half of the world. They have combined fortune of USD 426 billion. By contrast half the planet’s population, some 3.6 billion people, have a combined wealth of USD 409 billion dollars. Six Americans, one Mexican and one Spanish owns as much as amount of wealth as half of the world’s population does.
The figures are published ahead of the meeting of the business and political elite at the World Economic Forum in Davos Switzerland. The key theme of the gathering is responsive and responsible leadership. United Kingdom Prime Minister May Theresa is also attending the event.
Oxfam in its report said, “An Economy for the 99 per cent” showed the gap between rich and poor “is far greater than had been feared.” The study shows the difference of money owned by the rich and poor and the inequality that is prevelant in the society. Last year, the same divide was held by 62 richest people, who held more money than 50 per cent of world’s population. ALSO READ: Amancio Ortega, founder of ZARA ranked world’s richest man, pushed Bill Gates to second spot
Jeff Bezos, chairman and chief executive of Amazon has a net worth of USD 45.2 billion. Bill Gates, founder of Microsoft tops the list with net worth USD 75 billion, while Mark Zuckerberg, chairman, chief executive officer, and co-founder of Facebook has a net worth USD 44.6 billion.
Microsoft founder Bill Gates is among the top earning people in the world. Others include Zara founder Amancio Ortega; United States investor Warren Buffett; Carlos Slim Helo, owner of Mexican conglomerate Grupo Carso; Amazon founder Jeff Bezos; Facebook founder Mark Zuckerberg; Oracle co-founder Larry Ellison; and businessman and former New York City mayor Michael Bloomberg.
Oxfam GB chief executive Mark Goldring was quoted saying, “This year’s snapshot of inequality is clearer, more accurate and more shocking than ever before. It is beyond grotesque that a group of men who could easily fit in a single golf buggy own more than the poorest half of humanity.”