Half the world’s poor are equal to the 8 richest people in the world

We created an infographic to try to understand this inequality, but it’s more than we can fathom.

January 23, 2017

Olivia Chow

Olivia Chow

Global trends tracker, technology questioner, and personal finance vigilante.

As we’d suspected, calling the elite the “one percent” does not begin to explain the gravity of global wealth inequality. Oxfam.org conducted a study that revealed the eight wealthiest men are worth a combined $386.2 billion. In order, they are Bill Gates, Amancio Ortega, Warren Buffet, Carlos Slim Helu, Jeff Bezos, Mark Zuckerberg, Larry Ellison, and Michael Bloomberg.

#NameTitleNet Worth
1Bill GatesAmerica founder of Microsoft$75 billion
2Amancio OrtegaSpanish founder of Inditex (includes Zara fashion chain)$67 billion
3Warren BuffettAmerican CEO and largest shareholder in Berkshire Hathaway$60.8 billion
4Carlos Slim HeluMexican owner of Grupo Carso$50 billion
5Jeff BezosAmerican founder, chairman and chief executive of Amazon$45.2 billion
6Mark ZuckerbergAmerican chairman, chief executive officer, and co-founder of Facebook$44.6 billion
7Larry EllisonAmerican co-founder and CEO of Oracle$43.6 billion
8Michael BloombergAmerican co-founder and CEO of Oracle$40 billion

The report was released at last week’s World Economic Forum in Davos, the Swiss ski resort. The annual summit gathers the world’s most powerful economic movers to discuss how business leaders, international organizations, government bodies, and NGOs can work together to solve the world’s economic problems. Whether or not the meeting achieves this or who’s problems they really solve is up for debate.

But just how many people equals the same worth as the eight richest men? Half the world’s poorest population, according to Oxfam. Scroll down to find out how many this is…

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