World's 85 richest have same wealth as 3.5 billion poorest

www.nbcnews.com Published: January 20, 2014
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The combined wealth of the world's richest 85 people is now equivalent to that owned by half of the world's population – or 3.5 billion of the poorest people – according to a new report from Oxfam.



In a report titled "Working for the Few" released Monday, the global aid and development organization detailed the extent of global economic inequality created by the rapidly increasing wealth of the richest, warning of the major risks it poses to "human progress," NBC News reports.

According to the report, 210 people have become billionaires in the past year, joining a select group of 1,426 individuals with a combined net worth of $5.4 trillion.

H/T: Newser
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