Richest grab world wealth

THE world’s richest 1 per cent raked in 82 per cent of the wealth created last year while the poorest half of the population received none, Oxfam said yesterday.

A new report from the charity also found that the wealth of billionaires has grown six times faster than that of ordinary workers since 2010, with another billionaire minted every two days between March 2016 and March 2017.

Oxfam used its findings to paint a picture of a global economy in which the wealthy amass fortunes while hundreds of millions struggle.