26 richest people have wealth equal to the poorest 3.8 billion - Oxfam
The 26 richest people have wealth equal to the poorest 3.8 billion, according to Oxfam.
According to an Oxfam report, prepared for the World Economic Forum in Davos, billionaires around the world saw their combined wealth increase by 12% in 2018.
The most impoverished 3.8 billion people - half of all humanity - saw their wealth decline by 11% in 2018.
Amazon CEO Jeff Bezos – the world’s richest person – has a fortune worth R1.56 trillion ($112 billion).
Bezos’ net worth is 100 times larger than the entire health budget of Ethiopia (population: 105 million).
Hiking the taxes of the wealthiest people on Earth by 0.5% would raise enough money to for educate 262 million children and provide healthcare that would save the lives of 3.3 million people, according to Oxfam researchers.
Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:
This article first appeared on 702 : 26 richest people have wealth equal to the poorest 3.8 billion - Oxfam
Consumer journalist Wendy Knowler says no retailer has the right to refuse cash payments - even during the Covid-19 pandemic.Read More
From 1 August FNB customers will no longer receive their bank statements via email. Refilwe Moloto finds out why...Read More
Publisher Media24 has announced that a number of newspapers and magazines in its portfolio will either be closed or restructured.Read More
Bruce Whitfield talks to SweepSouth cofounder Aisha Pandor about her attitude to money (hopes and fears, successes and failures).Read More
The Money Show’s Bruce Whitfield interviews columnist Tom Eaton about his new book, "Is it me, or is it getting hot in here?"Read More
The Money Show’s Bruce Whitfield interviews Kevin Lings, Chief Economist at Stanlib Asset Management.Read More
"We’ve done all of the back-end work. There are one or two locations where it will make sense," says CEO Ryan Williams.Read More
Bruce Whitfield talks to amaBhungane investigative journalist Dewald van Rensburg, who extensively interviewed Matodzi.Read More
In a viral video posted last week, businessman Vusi Thembekwayo slammed politicians for the devastating impact the lockdown has had small businesses.Read More
Pavlo Phitidis tells more about a strategy that he has been using for years and how to apply this in a business.Read More