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85 richest people worth over $1.6 trillion


Posted on Wednesday, 22 January, 2014 | Comment icon 148 comments

The world's distribution of wealth is an ongoing concern. Image Credit: sxc.hu
The world's 85 richest people possess the equivalent wealth of the world's 3.5 billion poorest combined.
The remarkable divide between the world's richest and poorest people has been highlighted in a new damning report from Oxfam which is attempting to emphasize the extent to which the planet's wealth is controlled by a small 'global elite'.

"It is staggering that in the 21st Century, half of the world's population – that's three and a half billion people – own no more than a tiny elite whose numbers could all fit comfortably on a double-decker bus," said Oxfam executive director Winnie Byanyima.

The growing problem of wealth distribution is one of the issues Oxfam believes needs to be tackled before a proper solution to poverty can be found. "Widening inequality is creating a vicious circle where wealth and power are increasingly concentrated in the hands of a few, leaving the rest of us to fight over crumbs from the top table," said Byanyima.

It is believed that the richest 1% of the world's population control more than $110 trillion, a total equating to 65 times that of the poorest 50%.

Source: The Guardian | Comments (148)

Tags: Money, Wealth

Recent comments on this story
Comment icon #139 Posted by DieChecker on 17 February, 2014, 21:08
I shall put this as clearly as I can, the ‘Gulf war’ was in 1990, after the invasion of Kuwait by Iraq. The ‘Iraq war’ was in 2003 and was supposed to be about weapons of mass destruction, NOT because Iraq invaded Kuwait. You do remember the imaginary ‘WEAPONS OF MASS DESTRUCTION’ don’t you? Are you a creationist who because the Earth is only 5000 yrs old, has had to squeeze history together to fit in to the time frame and so you think that 2 wars well over 10 yrs apart are the same war? Where was I talking about Gulf War 2? Go back and read my post again. My first reference was to Gulf War 1,... [More]
Comment icon #140 Posted by tomelis on 21 February, 2014, 17:16
To eliminate poverty technology needs to reach the point where there is enough surplus produced to feed and house and so on the significant portion of the population who have various problems -- intellectual, health, attitude, and so on -- without being judgmental about them. We may actually be at that point now if we didn't waste so much money on grandiose mansions and militaries and so on. I think this is impossible. There are to many people on the Earth and there's not enough resources to enlimitate povrty.
Comment icon #141 Posted by sutemi on 5 March, 2014, 14:24
Where was I talking about Gulf War 2? Go back and read my post again. My first reference was to Gulf War 1, obviously, because I was talking about Kuwait. Here is the post... SEE! Point out where I said Iraq War, or Gulf War? I'm waiting on your apology.... I just don't believe that poverty and wealth inequality have that much to do with each other. They are not directly related. You could kill every single person with more then 100 million dollars of value worldwide, and help not a single person living under the poverty line. Also you could give every person on Earth enough money to raise the... [More]
Comment icon #142 Posted by Cryptid_Control on 5 March, 2014, 14:41
Majority of that poor people just 'enjoy' being lazy, using drugs, alcohol... Hardly lifted anything heavier then a spoon in their life. Compare that to people who sacrifice many things and pleasures just to earn money and make their business grow... At least in my area its like this, who works hard he have a decent life no matter if country is in deep $%&. Insinuating that drugs and alcohol aren't rampant among the wealthy... Wall street is literally a giant coke den
Comment icon #143 Posted by ysabel81 on 7 May, 2014, 8:03
Is it just me? Why is this thread in this forum? I see nothing modern mysteryish, 'new agey' or prophetical about it. He is right duscussing about poverty and inequality is an unending debate and should not be tackeled in thid kind of forum.
Comment icon #144 Posted by Frank Merton on 7 May, 2014, 8:12
The desire to get rich way beyond what one could possibly use or need seems a strong motivator for a lot of people, so societies may as well accept this and make what use they can of it while keeping it under control. That means let them get rich, but have rules and reasonable taxes, especially as wealth is passed from generation to generation, and encourage their philanthropy, although I don't see where inflating the value of art so it can be donated for a tax deduction does anyone much good.
Comment icon #145 Posted by Frank Merton on 7 May, 2014, 8:13
He is right duscussing about poverty and inequality is an unending debate and should not be tackeled in thid kind of forum. Why not? Should it only be discussed in scholarly essays? Or political debates? Or dinnertime conversations? Get real.
Comment icon #146 Posted by ysabel81 on 7 May, 2014, 9:47
Why not? Should it only be discussed in scholarly essays? Or political debates? Or dinnertime conversations? Get real.first and foremost this forum is about mysteries in the modern age and prophecies.theres nothing mysterious about poverty nor inequality.your right its the real thing and it should be discussed in a different forumn.i would luv to discuss this to you esp coming from a third world country i know this things.but not here not now. Right now i want to be entertained by people who have creative minds and be informed of things that are unnatural or out of this world.
Comment icon #147 Posted by ysabel81 on 7 May, 2014, 9:53
first and foremost this forum is about mysteries in the modern age and prophecies.theres nothing mysterious about poverty nor inequality.your right its the real thing and it should be discussed in a different forumn.i would luv to discuss this to you esp coming from a third world country i know this things.but not here not now. Right now i want to be entertained by people who have creative minds and be informed of things that are unnatural or out of this world.
Comment icon #148 Posted by Frank Merton on 7 May, 2014, 10:19
Sections about things other than the oolala are provided. If a particular subject doesn't interest you, you don't follow it. Simple.


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