A new report from the anti-poverty charity Oxfam says wealth inequality is on the rise around the world.
Income inequality has surged to “extreme levels” around the world, according to Oxfam’s latest report, with the number of billionaires more than doubling since the global financial crisis of 2009.
Getty Images/iStockphoto Lightboxx
With 1,645 billionaires worldwide, the anti-poverty campaigners say the gap between rich and poor has swelled to "new extremes"— and they have some startling statistics to reinforce their point.
"At the start of 2014, Oxfam calculated that the richest 85 people on the planet owned as much as the poorest half of humanity," the report reads. "Between March 2013 and March 2014, these 85 people grew $668 million richer each day."'
A staggering statistic from the study: "If Bill Gates were to cash in all of his wealth, and spend $1m every single day, it would take him 218 years to spend it all.”
Tiksa Negeri / Reuters
Oxfam produced this table of the number of years it would take the world's 10 richest people to spend their wealth, as well as their earnings at moderate and average rates of interest.
Oxfam / Via policy-practice.oxfam.org.uk
No comments:
Post a Comment