Published on Oxfam America’s Politics of Poverty blog
Even without the bottom decile, they own half of global wealth.
Ricardo Fuentes-Nieva and I shocked the world last year with our calculation that therichest 85 people held the same amount of wealth as the poorest half of humanity. We also determined, using Credit Suisse’s data, that the richest one percent owned more than 45 percent of all global wealth.