Are eight men as wealthy as half the world’s population?

There are a small number of extremely rich people that own more than half the wealth in the world. There are criticisms of this claim and some people believe it is not true. According to a charity called Oxfam, the riches people own as much as four hundred and twenty six billion dollars. However, Oxfam is said to have committed a rounding error and the number is not that high.

Are eight men as wealthy as half the world’s population?

Download our eBook “Moving To The US”

Disclaimer:
This document is intended as an information source only. The comments and references to legislation and other sources in this publication do not constitute legal advice and should not be relied upon as such. You should seek advice from a professional adviser regarding the application of any of the comments in this document to your fact scenario. Information in this publication does not take into account any person’s personal objectives, needs or financial situations. Accordingly, you should consider the appropriateness of any information, having regard to your own objectives, financial situation and needs and seek professional advice before acting on it. CST Tax Advisors exclude all liability (including liability for negligence) in relation to your reliance in this publication.