8 Men own the Same Wealth as Half of the World

The wealth of the world’s 8 richest people was calculated using Forbes’ billionaires list which was published in March 2016. According to research by Oxfam, the eight billionaires, have riches equivalent to the wealth of the world’s 3.6 billion poorest people.

8 Men own the Same Wealth as Half of the World

8 Men own the Same Wealth as Half of the World

Below are the world’s 8 richest people who own the money equal to half of rest of world, here they are in order of net worth:

  1. Bill Gates: America founder of Microsoft (net worth $75 billion)
  2. Amancio Ortega: Spanish founder of Inditex which owns the Zara fashion chain (net worth $67 billion)
  3. Warren Buffett: American CEO and largest shareholder in Berkshire Hathaway (net worth $60.8 billion)
  4. Carlos Slim Helu: Mexican owner of Grupo Carso (net worth: $50 billion)
  5. Jeff Bezos: American founder, chairman and chief executive of Amazon (net worth: $45.2 billion)
  6. Mark Zuckerberg: American chairman, chief executive officer, and co-founder of Facebook (net worth $44.6 billion)
  7. Larry Ellison: American co-founder and CEO of Oracle (net worth $43.6 billion)
  8. Michael Bloomberg: American founder, owner and CEO of Bloomberg LP (net worth: $40 billion)

The gap between rich and poor was far greater than feared, and the charity has called for an overhaul of a “warped” economy that allows one in nine people to go hungry.

Above 8 men own the same wealth as the 3.6 billion people who make up the poorest half of humanity, according to a new report published by Oxfam today on 15 Jan, 2017.

According to report, An economy for the 99 percent’, shows that the gap between rich and poor is far greater than had been feared. It details how big business and the super-rich are fuelling the inequality crisis by dodging taxes, driving down wages and using their power to influence politics. It calls for a fundamental change in the way we manage our economies so that they work for all people, and not just a fortunate few.

Original News Source : oxfam