The world’s eight richest people have the same amount of money as half the world’s poor

Money - Public Domain

Eight billionaires from around the globe are as rich as the 3.6 billion people who make up the poorest half of the world’s population, according to a report published by Oxfam on Monday.

The report is timely as the global political and business elite gather in snow-clad Davos for the annual World Economic Forum’s annual meeting which aims to look at responsive and responsible leadership this year.

The report, “An Economy for the 99 percent”, highlights the gap between rich and poor is far greater than had been feared.

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