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According to an Oxfam report published two days ahead of the annual gathering of the world’s financial and political elites in Davos, the gross financial inequality between the rich and the poor has created a world where 62 people own as much as the poorest half of the world’s population.
The Oxfam report,An Economy for the 1%, shows that the wealth of the poorest half of the world’s population has fallen by a trillion dollars since 2010, a drop of 41 percent.
This has occurred despite the global population increasing by around 400 million people during that period. Meanwhile, the wealth of the richest 62 has increased by more than half a trillion dollars to $1.76tr.
NigerianBulletin recall that world leaders recently gathered in September to tackle inequality, and agreed a global goal (SEE4All) to reduce the gap between the richest and the rest has widened dramatically in the past 12 months.
Winnie Byanyima, Oxfam International Executive Director, said at Davos event last year that “It is simply unacceptable that the poorest half of the world’s population owns no more than a few dozen super-rich people who could fit onto one bus.
“World leaders’ concern about the escalating inequality crisis has so far not translated into concrete action – the world has become a much more unequal place and the trend is accelerating. We cannot continue to allow hundreds of millions of people to go hungry while resources that could be used to help them are sucked up by those at the top." the report concluded.
Download Full Report An Economy For the 1%
According to the report, here are the list of 62 people who are richer than half the world’s population and what they do:
1. Bill Gates $79.2 B 60 Microsoft United States
2. Carlos Slim Helu $77.1 B 75 telecom Mexico
3. Warren Buffett $72.7 B 85 Berkshire Hathaway United States
4. Amancio Ortega $64.5 B 79 Zara Spain
5. Larry Ellison $54.3 B 71 Oracle United States
6. Charles Koch $42.9 B 80 diversified United States
7. David Koch $42.9 B 75 diversified United States
8. Christy Walton $41.7 B 61 Wal-Mart United States
9. Jim Walton $40.6 B 68 Wal-Mart United States
10. Liliane Bettencourt $40.1 B 93 L’Oreal France
11. Alice Walton $39.4 B 66 Wal-Mart United States
12. S. Robson Walton $39.1 B 72 Wal-Mart United States
13. Bernard Arnault $37.2 B 66 LVMH France
14. Michael Bloomberg $35.5 B 73 Bloomberg LP United States
15. Jeff Bezos $34.8 B 52 Amazon.com United States
16. Mark Zuckerberg $33.4 B 31 Facebook United States
17. Li Ka-shing $33.3 B 87 diversified Hong Kong
18. Sheldon Adelson $31.4 B 82 casinos United States
19. Larry Page $29.7 B 42 Google United States
20. Sergey Brin $29.2 B 42 Google United States
21. Georg Schaeffler $26.9 B 51 ball bearings Germany
22. Forrest Mars, Jr. $26.6 B 84 candy United States
23.Jacqueline Mars $26.6 B 76 candy United States
24 John Mars $26.6 B 79 candy United States
25. David Thomson $25.5 B 58 media Canada
26. Jorge Paulo Lemann $25 B 76 beer Brazil
27.Lee Shau Kee $24.8 B 87 real estate Hong Kong
28 Stefan Persson $24.5 B 68 H&M Sweden
29 George Soros $24.2 B 85 hedge funds United States
30. Wang Jianlin $24.2 B 61 real estate China
31. Carl Icahn $23.5 B 79 investments United States
32. Maria Franca Fissolo $23.4 B 98 Nutella, chocolates Italy
33. Jack Ma $22.7 B 51 e-commerce China
34. Prince Alwaleed Bin Talal Alsaud $22.6 B 60 investments Saudi Arabia
35. Steve Ballmer $21.5 B 59 Microsoft United States
36. Phil Knight $21.5 B 77 Nike United States
37. Beate Heister & Karl Albrecht Jr. $21.3 B – supermarkets Germany
38 Li Hejun $21.1 B 48 solar power equipment China
39 Mukesh Ambani $21 B 58 petrochemicals, oil & gas India
40 Leonardo Del Vecchio $20.4 B 80 eyeglasses Italy
41 Len Blavatnik $20.2 B 58 diversified United States
42 Tadashi Yanai $20.2 B 66 retail Japan
43 Charles Ergen $20.1 B 62 Dish Network United States
44 Dilip Shanghvi $20 B 60 pharmaceuticals India
45 Laurene Powell Jobs $19.5 B 52 Apple, Disney United States
46 Dieter Schwarz $19.4 B 76 retail Germany
47 Michael Dell $19.2 B 50 Dell United States
48 Azim Premji $19.1 B 70 software India
49 Theo Albrecht, Jr. $19 B 65 Aldi, Trader Joe’s Germany
50 Michael Otto $18.1 B 72 retail, real estate Germany
51 Paul Allen $17.5 B 62 Microsoft, investments United States
52 Joseph Safra $17.3 B 77 banking Brazil
53 Anne Cox Chambers $17 B 96 media United States
53. Susanne Klatten $16.8 B 53 BMW, pharmaceuticals Germany
54. Pallonji Mistry $16.3 B 86 construction Ireland
55 Ma Huateng $16.1 B 44 internet media China
56 Patrick Drahi $16 B 52 Telecom France
57 Thomas & Raymond Kwok $15.9 B – real estate Hong Kong
58 Stefan Quandt $15.6 B 49 BMW Germany
59 Ray Dalio $15.4 B 66 hedge funds United States
60 Vladimir Potanin $15.4 B 55 metals Russia
61 Serge Dassault $15.3 B 90 aviation France
62 Robin Li $15.3 B 47 internet search China
Source: DailyMail Online
The Oxfam report,An Economy for the 1%, shows that the wealth of the poorest half of the world’s population has fallen by a trillion dollars since 2010, a drop of 41 percent.
This has occurred despite the global population increasing by around 400 million people during that period. Meanwhile, the wealth of the richest 62 has increased by more than half a trillion dollars to $1.76tr.
NigerianBulletin recall that world leaders recently gathered in September to tackle inequality, and agreed a global goal (SEE4All) to reduce the gap between the richest and the rest has widened dramatically in the past 12 months.
Winnie Byanyima, Oxfam International Executive Director, said at Davos event last year that “It is simply unacceptable that the poorest half of the world’s population owns no more than a few dozen super-rich people who could fit onto one bus.
“World leaders’ concern about the escalating inequality crisis has so far not translated into concrete action – the world has become a much more unequal place and the trend is accelerating. We cannot continue to allow hundreds of millions of people to go hungry while resources that could be used to help them are sucked up by those at the top." the report concluded.
Download Full Report An Economy For the 1%
According to the report, here are the list of 62 people who are richer than half the world’s population and what they do:
1. Bill Gates $79.2 B 60 Microsoft United States
2. Carlos Slim Helu $77.1 B 75 telecom Mexico
3. Warren Buffett $72.7 B 85 Berkshire Hathaway United States
4. Amancio Ortega $64.5 B 79 Zara Spain
5. Larry Ellison $54.3 B 71 Oracle United States
6. Charles Koch $42.9 B 80 diversified United States
7. David Koch $42.9 B 75 diversified United States
8. Christy Walton $41.7 B 61 Wal-Mart United States
9. Jim Walton $40.6 B 68 Wal-Mart United States
10. Liliane Bettencourt $40.1 B 93 L’Oreal France
11. Alice Walton $39.4 B 66 Wal-Mart United States
12. S. Robson Walton $39.1 B 72 Wal-Mart United States
13. Bernard Arnault $37.2 B 66 LVMH France
14. Michael Bloomberg $35.5 B 73 Bloomberg LP United States
15. Jeff Bezos $34.8 B 52 Amazon.com United States
16. Mark Zuckerberg $33.4 B 31 Facebook United States
17. Li Ka-shing $33.3 B 87 diversified Hong Kong
18. Sheldon Adelson $31.4 B 82 casinos United States
19. Larry Page $29.7 B 42 Google United States
20. Sergey Brin $29.2 B 42 Google United States
21. Georg Schaeffler $26.9 B 51 ball bearings Germany
22. Forrest Mars, Jr. $26.6 B 84 candy United States
23.Jacqueline Mars $26.6 B 76 candy United States
24 John Mars $26.6 B 79 candy United States
25. David Thomson $25.5 B 58 media Canada
26. Jorge Paulo Lemann $25 B 76 beer Brazil
27.Lee Shau Kee $24.8 B 87 real estate Hong Kong
28 Stefan Persson $24.5 B 68 H&M Sweden
29 George Soros $24.2 B 85 hedge funds United States
30. Wang Jianlin $24.2 B 61 real estate China
31. Carl Icahn $23.5 B 79 investments United States
32. Maria Franca Fissolo $23.4 B 98 Nutella, chocolates Italy
33. Jack Ma $22.7 B 51 e-commerce China
34. Prince Alwaleed Bin Talal Alsaud $22.6 B 60 investments Saudi Arabia
35. Steve Ballmer $21.5 B 59 Microsoft United States
36. Phil Knight $21.5 B 77 Nike United States
37. Beate Heister & Karl Albrecht Jr. $21.3 B – supermarkets Germany
38 Li Hejun $21.1 B 48 solar power equipment China
39 Mukesh Ambani $21 B 58 petrochemicals, oil & gas India
40 Leonardo Del Vecchio $20.4 B 80 eyeglasses Italy
41 Len Blavatnik $20.2 B 58 diversified United States
42 Tadashi Yanai $20.2 B 66 retail Japan
43 Charles Ergen $20.1 B 62 Dish Network United States
44 Dilip Shanghvi $20 B 60 pharmaceuticals India
45 Laurene Powell Jobs $19.5 B 52 Apple, Disney United States
46 Dieter Schwarz $19.4 B 76 retail Germany
47 Michael Dell $19.2 B 50 Dell United States
48 Azim Premji $19.1 B 70 software India
49 Theo Albrecht, Jr. $19 B 65 Aldi, Trader Joe’s Germany
50 Michael Otto $18.1 B 72 retail, real estate Germany
51 Paul Allen $17.5 B 62 Microsoft, investments United States
52 Joseph Safra $17.3 B 77 banking Brazil
53 Anne Cox Chambers $17 B 96 media United States
53. Susanne Klatten $16.8 B 53 BMW, pharmaceuticals Germany
54. Pallonji Mistry $16.3 B 86 construction Ireland
55 Ma Huateng $16.1 B 44 internet media China
56 Patrick Drahi $16 B 52 Telecom France
57 Thomas & Raymond Kwok $15.9 B – real estate Hong Kong
58 Stefan Quandt $15.6 B 49 BMW Germany
59 Ray Dalio $15.4 B 66 hedge funds United States
60 Vladimir Potanin $15.4 B 55 metals Russia
61 Serge Dassault $15.3 B 90 aviation France
62 Robin Li $15.3 B 47 internet search China
Source: DailyMail Online
