Global wealth gap widens

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.
Data pix.

OXFORD, ENGLAND - Disparity between the rich and the poor is growing across the globe, according to a new report from Oxfam international. Oxfam is a group of companies working to end poverty, based in Oxford, England.

The report says the 62 richest people on earth have as much wealth as the poorest half of the world's population. That is 3.6 billion people. The study looked at Forbes' annual list of billionaires and data on global wealth collected by multinational holding company Credit Suisse.

In 2010 the gap was significantly smaller. It took the top 338 billionaires to own the same portion of global riches.

Oxfam also says the world's top 1% own more than everyone else combined.

So the 99% will just keep plugging away, hoping one day to have riches of their own.

Notice: you are using an outdated browser. Microsoft does not recommend using IE as your default browser. Some features on this website, like video and images, might not work properly. For the best experience, please upgrade your browser.