The world's richest 26 people own the same amount as half the global population, a shocking new report has revealed.
The startling gap between the rich and poor was highlighted in Oxfam's Public Good or Private Wealth? study.
It
showed that billionaires saw their wealth rocket by £700bn in 2018
while 3.8 billion people were forced to survive on less £4.27 a day
each.
The world’s richest man, Amazon founder Jeff Bezos, could
fund Ethiopia’s health budget with 1% of his estimated £108.7billion
fortune.
The increased fortunes of the wealthy is underlined by
the fact in 2017 the world's richest 43 earned the same amount as the
poorest half - it is now just 26.
In the UK the study added that
the poorest 10% of people in Britain now pay a higher proportion of
their income in tax than the richest 10%.
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