Pursuits
Richest 1% Will Dominate World Wealth in 2016, Oxfam Says
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The richest 1 percent are about to control a majority of the world’s wealth.
That’s according to anti-poverty charity Oxfam, which said the slice of global wealth held by the world’s most affluent reached 48 percent last year, up from 44 percent in 2009. Their share will likely exceed 50 percent by 2016, Oxfam said in a letter addressed to attendees of the World Economic Forum in Davos, Switzerland, this week.