wealthiest people aren't known for travelling by bus, but if they fancied a
change of scene then the richest 85 people on the globe – who between them
control as much wealth as the poorest half of the global population put
together – could squeeze onto a single double-decker.
extent to which so much global wealth has become corralled by a virtual handful
of the so-called 'global elite' is exposed in a new report from Oxfam on Monday. It warned
that those richest 85 people across the globe share a combined wealth of £1tn,
as much as the poorest 3.5 billion of the world's population.
wealth of the 1% richest people in the world amounts to $110tn (£60.88tn), or
65 times as much as the poorest half of the world, added the development
charity, which fears this concentration of economic resources is threatening
political stability and driving up social tensions.