Bill Gates

Eight men own as much wealth as the poorest half of the world's population, report says

Eight men own as much wealth as the poorest half of the world's population, report says

The gap between the super-rich and the poorest half of the global population is starker than previously thought, with just eight men, including Bill Gates and Michael Bloomberg, owning as much wealth as 3.6 billion people, according to an analysis by Oxfam released Monday. 

Presenting its findings on the dawn of the annual gathering of the global political and business elites in the Swiss ski resort of Davos, anti-poverty organization Oxfam says the gap between the very rich and poor is far greater than just a year ago. Oxfam is urging leaders to do more than pay lip service to the problem. 

If not, it warns, public anger against this kind of inequality will...

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