- Ian Gavan/Getty Images for The Goodwood Estate
It may come as no surprise, but the rich are getting richer.
“To end extreme poverty, we must also end extreme wealth,” Oxfam wrote in the report. “Today’s gilded age is undermining our future. Governments should use regulation and taxation to radically reduce levels of extreme wealth, as well as limit the influence of wealthy individuals and groups over policy making.”
Oxfam’s report culled data from multiple sources including Forbes and Credit Suisse. Here are nine of the most mind-blowing facts about the world’s richest people:
Jeff Bezos, Bill Gates, and Warren Buffett — the three richest Americans — own as much wealth as the bottom 50% of the US population, about 160 million people.
- Kevin Lamarque/Reuters
Billionaire wealth rose by nearly 13% annually between 2006 and 2015, while ordinary wages rose by an average of just 2% a year.
- REUTERS/Lucas Jackson
The total wealth of the globe’s billionaires grew by $762 billion in 2017.
- Sergi Alexander/Getty Images for Haute Living
A new billionaire was minted every two days in 2017.
- Dan Kitwood/Getty Images
A net worth of $76,754 puts you in the top 10% of global wealth holders, while a fortune of $770,368 puts you in the top 1%.
- Alan Crowhurst/Getty Images
The world’s 500 richest people are expected to pass down $2.4 trillion to their heirs over the next 20 years.
- Graham Denholm/Getty Images for the VRC
The super-rich are hiding at least $7.6 trillion from tax authorities in offshore accounts. That means the top 1% is evading an estimated $200 billion in taxes.
- Bryan Steffy/Getty Images for Armand de Brignac
A CEO in the US earns the same amount of money for about one day of work as an average worker makes annually.
- Brendan McDermid/Reuters
Of the 2,043 billionaires worldwide, 90% are men.
- Stuart C. Wilson/Getty