Billionaire fortunes increased by 12% a day in 2018, while the 3.8 billion poorest people saw their wealth decline by 11% a day, according to a report released by charity Oxfam to mark the opening of the World Economic Forum (WEF) in Davos.
The world’s richest 1% bagged 45.6% of all wealth created in 2018, which is an increase from 42.3% the previous year, according to the report ‘Public Good or Private Wealth?’ published on Monday (21 January).
In 2018, 26 people owned the same as the 3.8 billion people who make up the poorest half of the world, down from 43 people the year before.
