Wealth of richest 1% ‘equal to other 99%’ – BBC News

The richest 1% now has as much wealth as the rest of the world combined, according to Oxfam.

The richest 1% now has as much wealth as the rest of the world combined, according to Oxfam.

It uses data from Credit Suisse from October for the report, which urges leaders meeting in Davos this week to take action on inequality.

Oxfam also calculated that the richest 62 people in the world had as much wealth as the poorest half of the global population.

It criticised the work of lobbyists and the amount of money kept in tax havens.

Oxfam predicted that the 1% would overtake the rest of the world this time last year.

Source: Wealth of richest 1% ‘equal to other 99%’ – BBC News

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