Eight billionaires have more money than half the world's inhabitants - ForumDaily
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Eight billionaires have more money than half the inhabitants of the planet.

The state of 8 of the richest people on the planet is approximately equal to the state of 3,6 billion people constituting the poorest half of the planet, that is, half of the population of the Earth.

This is evidenced by a charity report. Oxfam.

Such a conclusion was made on the basis of recent data, which showed that the gap between the rich and the poor turned out to be much larger than the experts were afraid of.

Between 1988 and 2011, the income of the bottom 10% of the world's population increased by $65 per person, while the income of the richest 1% of the world's people increased by $11 per person—800 times more.

1% of the richest people still own a greater fortune than the rest of the world's population.

8 of the world's richest billionaires:

1. Bill Gates (USA): co-founder of Microsoft Corporation (personal wealth - $75 billion);

2. Amancio Ortega (Spain): founder of Zara stores - Inditex company ($60,8 billion);

3. Warren Buffett (USA): the largest shareholder of Berkshire Hathaway ($ 60,8 billion);

4. Carlos Slim Elu (Mexico): owner of the holding company Grupo Carso ($ 50 billion);

5. Jeff Bezos (USA): Founder and CEO of Internet giant Amazon ($ 45,2 billion);

6. Mark Zuckerberg (USA): co-founder and CEO of Facebook ($ 44,6 billion);

7. Larry Ellison (USA): co-founder and CEO of Oracle Corporation ($ 43,6 billion);

8. Michael Bloomberg (USA): owner of Bloomberg LP ($ 40 billion).

Economic inequality leads to a polarization of political views, says Katy Wright of Oxfam, citing as an example the election of Donald Trump as president of the United States and the decision of the British to leave the European Union.

“People are starting to get angry and are looking for alternatives. They feel forgotten because no matter how hard they work, they cannot share in the prosperity of their country,” says Wright.

The charity is calling for a "more humane economy" and is asking governments to take a closer look at the earnings of top executives, crack down harder on tax avoidance and introduce higher tax rates for the wealthy.

Some of the eight richest billionaires spend tens of billions of dollars on charity. In 2000, Bill Gates and his wife, Melinda, founded a private foundation whose charitable capital amounts to more than $ 44 billion.

In 2015, Mark Zuckerberg and his wife Priscilla Chan pledged to give 99% of their wealth to charity during their lifetime—roughly $45 billion based on Facebook's share price at the time of the announcement.

Representatives of 10% of the richest population in the world include people with $ 71 600 or more. Those who own assets and cash worth $ 744 396 and more make up the richest 1% of the population.

The Oxfam report is based on data from Forbes magazine and the annual report of Credit Suisse, a bank that tracks the distribution of global wealth since 2000.

The wealth of a person in the study is determined by calculating the value of individual assets - mainly real estate and land - minus debts. This indicator does not take into account salaries and other income.

Oxfam releases similar reports last 4 of the year. In 2016, the organization estimated that the 62 of the most affluent person in the world possessed roughly the same condition as the poorest half of the world's population.

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