Streaming issues? Report here
money-show-thumbnailjpg money-show-thumbnailjpg
The Money Show with Bruce Whitfield
18:00 - 20:00
volume_up
volume_mute

Up Next: The Money Show with Bruce Whitfield
See full line-up
The Money Show with Bruce Whitfield
18:00 - 20:00
Home
arrow_forward
Business

26 richest people have wealth equal to the poorest 3.8 billion - Oxfam

22 January 2019 6:45 PM
Tags:
World Economic Forum
Inequality
Davos
WEF
Oxfam

The world's billionaires are 12% richer than a year ago while the bottom 3.8 billion people are 11% poorer, says Oxfam.
São Paulo, Brazil

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.

South Africa, Namibia and Botswana are among the most unequal societies in the world.

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


22 January 2019 6:45 PM
Tags:
World Economic Forum
Inequality
Davos
WEF
Oxfam

Recommended

More from Business

Cash money rands

Can businesses refuse to accept cash? Consumer journo Wendy Knowler explains

7 July 2020 4:52 PM

Consumer journalist Wendy Knowler says no retailer has the right to refuse cash payments - even during the Covid-19 pandemic.

Share this:
Read More arrow_forward

fnbjpg

FNB customer? Here's how you'll have to access your statements from August

7 July 2020 12:00 PM

From 1 August FNB customers will no longer receive their bank statements via email. Refilwe Moloto finds out why...

Share this:
Read More arrow_forward

newspapers-pngpng

Media24 will shut down these magazines and newspaper titles

7 July 2020 11:45 AM

Publisher Media24 has announced that a number of newspapers and magazines in its portfolio will either be closed or restructured.

Share this:
Read More arrow_forward

Aisha Pandor SweepSouth Alen Ribic

Job won’t make you rich. You must earn in your sleep - Aisha Pandor, SweepSouth

6 July 2020 8:39 PM

Bruce Whitfield talks to SweepSouth cofounder Aisha Pandor about her attitude to money (hopes and fears, successes and failures).

Share this:
Read More arrow_forward

Frog in a pot

Are we boiling frogs? And why do SUV drivers look so confused, asks Tom Eaton

6 July 2020 8:18 PM

The Money Show’s Bruce Whitfield interviews columnist Tom Eaton about his new book, "Is it me, or is it getting hot in here?"

Share this:
Read More arrow_forward

200406-lockdowngif

101 days of lockdown: What we gained (and lost), and what we have learned

6 July 2020 8:07 PM

The Money Show’s Bruce Whitfield interviews Kevin Lings, Chief Economist at Stanlib Asset Management.

Share this:
Read More arrow_forward

Drive-in cinema 123rf 123rfbusiness 123rflifestyle

Ster-Kinekor may open drive-ins in 'one or two locations where it makes sense'

6 July 2020 7:25 PM

"We’ve done all of the back-end work. There are one or two locations where it will make sense," says CEO Ryan Williams.

Share this:
Read More arrow_forward

2001618-vbs-matodzi-edjpg

No theft at VBS. It’s politics and racism – alleged kingpin Tshifhiwa Matodzi

6 July 2020 6:22 PM

Bruce Whitfield talks to amaBhungane investigative journalist Dewald van Rensburg, who extensively interviewed Matodzi.

Share this:
Read More arrow_forward

vusi-thembekwayo-studiojpg

[WATCH] Poor political leadership has ruined our economy, says Vusi Thembekwayo

6 July 2020 1:36 PM

In a viral video posted last week, businessman Vusi Thembekwayo slammed politicians for the devastating impact the lockdown has had small businesses.

Share this:
Read More arrow_forward

onionjpg

Small Business Focus: Onion peeler lessons for SMEs

2 July 2020 9:42 PM

Pavlo Phitidis tells more about a strategy that he has been using for years and how to apply this in a business.

Share this:
Read More arrow_forward