The world's 42 richest people have as much wealth as the bottom half of its population, an Oxfam report claims. The world's 42 richest people have as much wealth as the bottom half of its population, an Oxfam report claims. The Oxfam report also suggests that 80 per cent of new wealth goes to the 1 per cent of people who are already richest. 'The world has made huge strides forward in ending poverty but progress could be even faster if we did more to break down the barriers that are holding back the world's poorest people.' 'As China, India and Vietnam embraced neoliberal reforms that enforce property rights, reduce regulations and increase competition, the world's poorest have received a massive pay rise leading to a more equal global income distribution.'

Source: Daily Mail January 22, 2018 00:36 UTC