Richest 1% owns more than TWICE as much wealth as 6.9 billion people – Oxfam

A super-rich one percent of the world’s population has accumulated twice as much wealth as the remaining 90 percent, global charity Oxfam said in a newly-released report.

The gap between the obscenely rich and the rest of humanity has reached grotesque proportions, according to the annual report by Oxfam, published on Monday on the eve of the World Economic Forum in Davos.

The new report, ‘Time to Care’, which focuses on the largely unpaid care work many women and girls take upon themselves, says that the world’s top 22 richest men now have more wealth than all the women in Africa.

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Sickening. Nobody needs so much money.