Global Wealth: 8 People > 3.5 Billion People. Not Kidding.

Global Wealth: 8 People > 3.5 Billion People. Not Kidding.

From The New Scientist.

You are probably aware that there are high levels of inequality in the world and that inequality is getting worse. But it is unlikely that you appreciate just how unequal things are. So here is a way of visualizing it.

Take the wealth of the eight richest people on the planet and combine it. Now do the same for the poorest 3.5 billion. The two sums are the same, £350 billion.

Correct: just eight people own as much wealth as half of the world’s population.

Read the whole article here: https://www.newscientist.com/article/mg23731710-300-the-inequality-delusion-why-weve-got-the-wealth-gap-all-wrong/