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The Richer Getting Richer And The Poor Are Getting Poorer
And children suffer.
As of early 2019, the wealthiest one percent of the world’s population owned more than one half of the world’s wealth, according to a recent report by Credit Suisse. The total wealth in the world grew by 6 percent over the past 12 months to $280 trillion, creating the fastest wealth creation since 2012, according to the report.
Each year, thousands of the world’s richest and most powerful government officials, business and community leaders gather in Davos each January to define priorities and shape the global, industrial and regional agendas, according to a report by the World Economic Forum. A wealth-building exercise according to some, par none and very, very exclusive.
Worldwide, the report continues, billionaire wealth increased an average of $3.3 billion a day, representing a total increase of 12 percent from 2017. In the decade since the 2008 financial crisis, the number of billionaires in the world has nearly doubled. The data is based on the annual Forbes billionaires list
How much wealth does the top 10% of the world’s population control?
