The 62 Richest People On Earth Now Hold As Much Wealth As The Poorest 3.5 Billion

By:  Emily Peck

All the money in the world is growing ever more concentrated in the hands of just a few people, a report released Sunday night makes clear.

Just 62 ultra-rich individuals -- a list that is primarily made up of men and includes Bill Gates, Warren Buffett, the Koch Brothers and the Walmart heirs -- have as much wealth as the bottom half of humanity. Five years ago, it took 388 rich guys to achieve that status.

The wealth of the richest 62 has increased an astonishing 44 percent since 2010, to $1.76 trillion. Meanwhile, the wealth of the bottom half of the world dropped by 41 percent.

“This is terrible,” Gawain Kripke, Oxfam's Policy Director, told The Huffington Post. “No one credible will say this is good for the world or good for the economy.”

Continue reading here.