Just 26 of the world's richest men have more combined wealth than the poorest 3.8 billion people

Sarah Jacobs

December 13, 2019 10:53 PM

Evan Vucci/AP

10. Michael Bloomberg

The world's wealth is becoming increasingly concentrated among the richest billionaires.
The combined fortunes of the world's 26 richest people is greater than all of the wealth owned by world's poorest 3.8 billion people, according to a January report by poverty-focused non-profit network Oxfam .
Billionaires added an average of $2.5 billion to their collective fortunes every day in 2018, bringing their share of the world's wealth to $1.4 trillion, according to Oxfam .

The world's richest people are steadily getting richer, but the world's poorest are not, a report by poverty-focused non-profit network Oxfam revealed.

Billionaires added an average of $2.5 billion to their collective fortunes every day in 2018, bringing their share of the world's wealth to $1.4 trillion, according to Oxfam . That is the same amount of wealth controlled by the world's poorest 3.8 billion people.

The world's wealth is increasingly concentrating among top billionaires. In 2017, it would have taken 42 of the world's wealthiest people to match the wealth of the world's poorest 4 billion people, Oxfam reported.

Ahead, meet 10 of those 26 people that have more wealth than half the world's population, per Forbes' Billionaire List . Note, however, that there are some discrepancies between this list and another prestigious wealth ranking, the Bloomberg Billionaires Index ; Bloomberg lists Bill Gates as the world's richest man and omits its founder, Michael Bloomberg.

See the rest of the story at Business Insider