The richest 85 people in the world, who could fit onto a single double-decker bus, have just as much wealth as the poorest half of world.
The shock finding from anti poverty campaigners Oxfam came as world leaders, business chiefs and academics are set to gather this week in Davos for the World Economic Forum.
In their new report “Working for the Few”, Oxfam have found citizens around the world strongly believe that the economy is “skewed” in favour of the rich.
According to polls carried out for the firm in the UK, Brazil, India, South Africa, Spain and the US, most people believe the laws are skewed in favour of the rich. Two-thirds of Brits polled thought “the rich had too much influence over the direction the country is headed”, while just one in ten disagreed.
Oxfam executive director Winnie Byanyima said: “It is staggering that in the 21st Century, half of the world’s population – that’s three and a half billion people – own no more than a tiny elite whose numbers could all fit comfortably on a double-decker bus..
“We cannot hope to win the fight against poverty without tackling inequality. Widening inequality is creating a vicious circle where wealth and power are increasingly concentrated in the hands of a few, leaving the rest of us to fight over crumbs from the top table.
Here are the 10 richest people in the world – first onto that double-decker bus?
“Without a concerted effort to tackle inequality, the cascade of privilege and of disadvantage will continue down the generations. We will soon live in a world where equality of opportunity is just a dream. In too many countries economic growth already amounts to little more than a ‘winner takes all’ windfall for the richest.”