One Canadian entrepreneur couldn’t have been more excited to learn that the 85 richest people on Earth are now worth as much half the world’s population.
Richest 85 People Own As Much Wealth As Poorest 3.5 Billion: Oxfam
The world’s 85 wealthiest people hold as much wealth as the poorest 3.5 billion, or half the world population, according to a new report from global anti-poverty group Oxfam.
That’s roughly $1.7 trillion for both the 85 richest people, and the poorest half of the planet.
The global economy has become so skewed in favour of the rich that economic growth in many countries today “amounts to little more than a ‘winner takes all’ windfall for the richest,” Oxfam said in a statement.