Only eight billionaires have as much combined wealth as the poorest half of the world, according to Oxfam.
Six Americans, a Mexican telecoms entrepreneur and the Spanish founder of the Zara clothing chain are between them worth more than the 3.6 billion people who form the poorest half of the world’s population.
Oxfam released its latest report into the scale of global inequality to coincide with the start tomorrow of the World Economic Forum in Davos, Switzerland, where about 3,000 of the global business and political elite, including Theresa May and Philip Hammond, will gather for the annual meeting.
The forum has put inclusive growth and inequality on the agenda, but Oxfam has latched on to the backlash against the status quo that was shown