world’s wealth

A new study published by Oxfam states that 1% of the world’s population controls about 50% of planet Earth’s wealth. This study was published just before the upcoming World Economic Forum’s annual meeting at Davos-Klosters, Switzerland, beginning January 22nd, 2014. • Almost half of the world’s wealth is now owned by just one percent of the population. • The wealth of the one percent richest people in the world amounts to $110 trillion. That’s 65 times the total wealth of the bottom half of the world’s population. • The bottom half of the […]