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7 Staggering Facts About Global Inequality

Facts About Global Inequality

The world's eight richest people now have the same wealth as the poorest 50%. Here are the 7 staggering facts about global inequality.

1. Oxfam reports that just eight men are now as wealthy as 3.6 billion people.
2. In the next two decades, 500 people will give $2.1 trillion to their heirs. That's more than the entire GDP of India.
3. The top 1% own more wealth than the rest of the planet combined. From 1988-2011 the income of the poorest 10% grew by less than $3 a year.
4. The incomes of the richest 10% grew by 182 times as much a CEO of a FTSE 100 company earns more in a year than 10,000 Bangladeshi garment factory workers.
5. In the US, the income growth of the bottom 50% has been zero for 30 years.
6. The top 1% has had an income growth of 300%
7. Vietnam's richest man earns more in one day than the poorest person will earn in 10 years.