62 people own the same as half the world, reveals Oxfam Davos report

Runaway inequality has created a world where 62 people own as much wealth as the poorest half of the world’s population – a figure that has fallen from 388 just five years ago, according to an Oxfam report published today ahead of the annual gathering of the world’s financial and political elites in Davos.

A girl is writing on a black board, in a school in Rwanda. Photo: Simon Rawles/Oxfam

Wealth: Having It All and Wanting More

Global wealth is increasingly concentrated in the hands of a small wealthy elite. This briefing explains Oxfam’s methodology and data sources and updates key inequality statistics.

Mali has the highest percentage of people living below the poverty line in any country in the world. Ninety percent of Malians survive on less than two dollars a day. Credit Ami Vitale/Oxfam

Working for the Few

Almost half of the world’s wealth is now owned by just one percent of the population, and seven out of ten people live in countries where economic inequality has increased in the last 30 years.

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