Economy
A Sharp Rise in Wealth for the Global 1%
Tax havens are largely to blame, according to a new study by Oxfam.
In 2010, the collective wealth of the top 80 individuals on the Forbes list of billionaires totaled $1.3 trillion. In 2014, it jumped to $1.9 trillion.
According to a new annual report by the anti-poverty organization Oxfam, that half-trillion-dollar bump has landed those billionaires with a troubling designation: Their combined wealth is equal to the combined wealth of the poorest half of the world.