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Eight richest people have half of world’s wealth

Eight richest people have half of world’s wealth

London: The gap between the rich and the poor is getting widened in the world.

A voluntary organization, Oxfam published a report which depicts that the wealth held by the eight richest persons of the world is equal to the wealth of half of the world’s population.

According to Oxfam, there are 1810 billionaires in the world who hold 70% of the total wealth of the world. Out of the world’s poorest population, half of them live in India and Africa.

According to this report, the richest person in the world, Jeff Bezos has the wealth which can be sufficient to pay the entire amount of Pakistan’s Annual budget for three years.

However, he would run the expenditure of the US only for five days with his wealth.

Earlier, Oxfam had released the list of the richest men of the world which shows that the Chief of Amazon Company, Jeff Bezos owns 131 billion US dollars.

Mr. Bill Gates stands second among the richest person in the world.

Here is the list of top eight richest people around the globe

NameValue of wealth
Jeff Bezos $110.1bn
Bill Gates $106.2bn
Bernard Arnault $101.2bn
Warren Buffett $84bn
Mark Zuckerberg $70.3bn
Amancio Ortega $70bn
Larry Ellison $67.3bn
Carlos Slim Helu $61.8bn
Total$670.9bn

Out of his assets, Bill Gates has donated 36 billion US dollars to his philanthropic organization, otherwise, he would have been on the top of the richest persons of the world.

Mr. Warren Buffett stands third on the list of the richest persons of the world.

He owns more than 60 companies. His wealth exceeds 82 billion dollar

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