Global Economic Inequality – The Facts
Inequality is not just real, it is a rampant and at the root of what is wrong with our world today.
Figures of inequality presented by organisations like Oxfam and Credit Suisse give us sufficient proof that we have a problem as big than the wealth gap.
We’ve put together some of the shocking, mind boggling and even devastating facts about the state of global inequality. Take a look and share them around.
How long will it take for Bill Gates to spend all his wealth?
218 years. If he converted all his wealth into cash, and spent just $1m every day.
At the beginning of 2014, the richest 85 people on earth owned as much wealth has the poorest half of humanity.
Just between March 2013-March 2014 these 85 people became richer by $668m.
Total global wealth is at a record high of $263tn. This is more than twice $117tn, the wealth calculated for 2000.
In sub-Saharan Africa, 16 billionaires coexist with 358 million people living in extreme poverty.
World’s richest man, Carlos Slim from Mexico, will be able to spend his $80bn fortune in 220 years at the rate of $1m a day.
By 2019, the number of millionaires worldwide will increase to 53.2million.
Baffled, shocked as to how this happened? Watch this video about global inequality to understand how a few people in the world have been actively creating poverty
Even it Up. Time to end extreme inequality by Oxfam http://www.oxfamamerica.org/static/media/files/even-it-up-inequality-oxfam.pdf
Global Wealth report 2014 by Credit Suisse. https://www.credit-suisse.com/upload/news-live/000000022801.pdf