Monday, January 16, 2017

Study: 8 Men Own as Much as 3.6 Billion People; Inequality Causes Public Anger,Trump's Election

A study released today (January 16, 2017) by the anti-poverty organization Oxfam shows the gap between the super-rich and the poorest half of the world's population is much greater than previously thought, with just eight men owning as much as 3.6 billion people, according to the Al Jazeera website.

Oxfam is urging leaders to do more than lip service to resolve this incredible problem.

If not, it warns, public anger against this kind of inequality will continue to grow around the world and lead to more unyielding radical political changes akin to last year's election of Donald Trump as U.S. president and Britain's vote to leave the European Union.

The eight richest men in the world -- in order of their wealth -- are: Bill Gates, Microsoft founder; Amancio Ortega, founder of fashion house Inditex; Warren Buffet, financier; Carlos Slim Helu, Mexican business magnate; Jeff Bezos, Amazon boss; Mark Zuckerberg, Facebook creator; Larry Ellison, Oracle founder; and Michael Bloomberg, former mayor of New York City.

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