RATE Group | Billionaires Own More Than 4.6 Billion People Combined
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Billionaires Own More Than 4.6 Billion People Combined

20 Jan Billionaires Own More Than 4.6 Billion People Combined

Posted at 19:14h in Bitcoin News by

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A recent Oxfam report revealed that the world’s 2,153 wealthiest billionaires have more wealth than 4.6 billion people combined, but many believe that Bitcoin may help with that in the future.

Closing the Global Wealth Gap

According to a recent study conducted by the international charity, Oxfam, there is a major wealth inequality present in the world today. The report published Monday confirmed that around 2,153 of the world’s wealthiest billionaires own more wealth between them than 4.6 billion other individuals. Due to such inequality, Oxfam requested that the government introduces new policies that would remedy the situation.

The report’s author tried to explain the situation in a rather interesting way:

If everyone were to sit on their wealth piled up in $100 bills, most of humanity would be sitting on the floor. A middle-class person in a rich country would be sitting at the height of a chair. The world’s two richest men would be sitting in outer space.

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