|Billionaire Roman Abramovich’s yacht Luna. (CC BY-SA 3.0)|
According to British charity Oxfam, super-rich individuals saw their cumulative wealth increase 44 percent to $1.76 trillion “in the five years since 2010”—equivalent to that of 3.5 billion of the world’s poorest.
Conversely, the wealth of half the world’s the poorest dropped by 41 percent in that time period, despite an increase in global population of 400 million.
Mark Goldring, the Oxfam GB chief executive, said: “It is simply unacceptable that the poorest half of the world population owns no more than a small group of the global super-rich—so few, you could fit them all on a single coach.”