Richest 62 people own same as half world's population - Oxfam

January 18, 2016 02:04

The wealthiest 62 people now own as much as half the world's population, some 3.5 billion people, as the super-rich have grown richer and the poor poorer, an international charity said on Monday.

The wealth of the richest 62 people has risen by 44 percent since 2010, while the wealth of the poorest 3.5 billion fell 41 percent, Oxfam said in a report released ahead of the World Economic Forum's annual meeting in Davos, Switzerland.

Almost half the super-rich individuals are from the United States, 17 from Europe, and the rest from countries including China, Brazil, Mexico, Japan and Saudi Arabia.

About $7.6 trillion of individuals' wealth sits in offshore tax havens, and if tax were paid on the income that this wealth generates, an extra $190 billion would be available to governments every year, Gabriel Zucman, assistant professor at University of California, Berkeley, has estimated.

Related Content

Breaking news
March 19, 2018
Trump to unveil opioid plan that will seek death penalty for drug dealers


Israel Weather
  • 16 - 34
    Beer Sheva
    16 - 30
    Tel Aviv - Yafo
  • 16 - 27
    16 - 29
  • 22 - 32
    16 - 32