The combined fortune 26 of the world's richest people is equal to the total wealth the 3.8 billion poorest people. This startling disparity wealth is according to a report the charity Oxfam. It reported that since the global financial crisis 2008, the number of billionaires in the world has doubled. They are also getting $2.5 billion richer every day. This is stark contrast to the world's less fortunate - the poorest half the planet is seeing its wealth slowly shrink as prices commodities increase, wages are squeezed and land prices and rents rise. Oxfam's report highlights the growing gap the world's rich and poor and the ever-widening gap wealth inequality.
The report says that most the world's mega-wealthy have made their huge fortunes technology companies Amazon, Microsoft and Facebook. The world's richest person is Amazon founder and CEO Jeff Bezos. His amassed $100 billion fortune is 100 times greater than the annual health budget Ethiopia. Oxfam said it was time to try and redress the imbalance wealth. It recommended taxing income fairer levels, increasing tax personal earnings and corporate profits, and eliminating tax avoidance schemes commonly used companies and the super-rich. It said: "In many countries, a decent education or quality healthcare has become a luxury only the rich can afford."
