Independence Cymru and Alba

Half of Global Wealth Owned By The 1% Oxfam Report Finds

May 05, 2015 10:00 am

In January 2015, Oxfam, a large charity organization seeking to eliminate poverty, published a report stating that 1% of the global population will own more wealth than the rest of the 99% combined by 2016. This report drew attention to the World Economic Forum held in Switzerland, where the wealthy elite and politicians addressed the issue of the widening wealth gap.