A new report strategically timed for release with the start of the World Economic Forum boondoggle at Davos, shows that the world’s 26 richest billionaires now own as many assets as the 3.8 billion people who make up the poorest half of the world’s population.
The report titled “Public Good or Private Wealth,” found that top world’s 26 richest billionaires now hold as much wealth as the bottom half of the world’s population, some 3.8 billion people. That number was 43 in 2017 and 61 in 2016. According to the Guardian, the report also found that in the 10 years since the financial crisis, the number of billionaires has almost doubled. It also found that between 2017 and 2018, a new billionaire was created every two days.