Richest eight people are as wealthy as half of world’s population

A new report by Oxfam, published at the beginning of the World Economic Forum in Switzerland, states that the world’s richest eight people own the same fortune as the poorest half of the population. It alerts that this dangerous tendency of wealth concentration is critically expanding.

This group of billionaires is headed by the Microsoft founder Bill Gates, followed by Amancio Ortega, Warren Buffett, Carlos Slim Helú, Jeff Bezos, Mark Zuckerberg, Larry Ellison and Michael Bloomberg. Their fortune is worth $426bn, which means the total wealth of 3.6 billion people around the world.

The World Economic Forum (WEF) has also affirmed that growing inequality supposes one of the biggest dangers for the global economy in the near future. Oxfam emphasizes the need for urgent change to guarantee effective economic systems which benefit whole societies, not just privileged ones.