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The World’s 85 Richest Are Now Worth as Much as 3.5 Billion Poorest

A slum in Mumbai
A slum in MumbaiPhotograph by Frank Bienewald/Getty Images

The poorest half of the world’s population—that’s 3.5 billion people—control as much wealth as the richest 85 individuals.

On the eve of World Economic Forum, when the global elite gather in Davos, Switzerland, to forecast international trends, Oxfam International has released a new report, Working for the Few, (PDF) documenting yawning global wealth disparities. Other findings: