Richest 1% to own more than rest of world

The richest one percent of the world’s population will own more than 50% of the world’s wealth by 2016. A report by the charity Oxfam also found that the accumulated wealth of the 80 richest people on the planet is currently equal to that of the poorest 50% – 3.5 billion people
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Share of global wealth (Percentage)

2010 12 14 2016 18 2020

42 46 50 54 58

Top 1%

Bottom 99%

2016: Richest 1% projected to exceed 50% of global wealth
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Number of billionaires with accumulated wealth of poorest 50%

2010 2011 2012 2013 2014 

50 150 250 350 450

92 159 177 388 

2014: Richest 80 people possess collective wealth of $1.9 trillion – increase of $600bn since 2010

More than a billion people still live on less than $1.25 a day
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Number of years it would take for super-rich to spend their wealth

1 Carlos Slim Helu & family (Mexico) Wealth:$80bn

Years to spend all money, at $1 million per day 220

Earnings per day at ordinary rate of 1.95% Interest $4.3m

2 Bill Gates (U.S.) Wealth: $79bn 218 $4.2m

3 Amancio Ortega (Spain) Wealth: $63bn 172 $3.3m

4 Warren Buffett (U.S.) Wealth: $62bn 169 $3.3m

5 Liliane Bettencourt & family (France) Wealth: $37bn 102 $2.0m

Selected billionaires
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Source: Oxfam

Pictures: Associated Press

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