Oxfam: Richest 1% Will Own More Than the Rest of the World By 2016

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The anti-poverty group Oxfam released a report Monday saying that by 2016, the world's richest one percent will own more wealth than the rest of the world combined. The report comes just ahead of the annual meeting of the World Economic Forum at the ski resort of Davos, Switzerland, where billionaires and world leaders gather discuss inequality and other issues.

Wealth: Having it all and wanting more


Gawain Kripke, director of policy and research at Oxfam America