Top 8 Racketeers Wealthier than World’s Bottom Half

Gap between rich and poor far greater than previously feared –Oxfam

8 kingpin racketeers control more wealth than world’s poorest half (3.68 billion people), according to an Oxfam’s report: An economy for the 99 percent.

[The extortioners, Bill Gates, Amancio Ortega (Spain), Warren Buffett, Carlos Slim (Mexico), Jeff Bezos, Mark Zuckerberg, Larry Ellison, and Michael Bloomberg top Forbes 2016 billionaires list with a combined wealth of about $426 billion (real time estimate: $492 billion). Koch Brothers, Charles and David, each with $43.5 billion, replace Bloomberg on the eights spot, according to Forbes real time ranking.]

“It is obscene for so much wealth to be held in the hands of so few when 1 in 10 people survive on less than $2 a day,” said Oxfam’s International Executive Director.

Since 2015, the richest 1% has owned more wealth than the rest of the planet, the report says.

“The incomes of the poorest 10% of people increased by less than $3 a year between 1988 and 2011, while the incomes of the richest 1% increased 182 times as much.”