World’s 85 Richest Have As Much As Poorest 3.5 Billion


bill-gates“There’s been class warfare going on for the last 20 years, and my class has won.”

Billionaire investor Warren Buffett made that remark more than three years ago and it still holds true today – only the gap between the richest and the poorest has gotten even wider.

Here’s how bad it is: Oxfam now calculates that the 85 richest billionaires on the planet, including the likes of Carlos Slim, Bill Gates and Mark Zuckerberg, have as much money as the 3.5 billion poorest people.

And for all the talk about the urgent need to address income inequality, the mega-rich just keep on getting richer.

How much richer?

Oxfam estimates that between March 2013 and March 2014, those same 85 billionaires saw their wealth grow by $668 million every day.

These people are so grotesquely rich that if Bill Gates, for example, spent $1 million every day, it would take him 218 years to exhaust his funds.


  1. And this is a problem because…? It is not their money that is the problem. The problem is when there is no YEREY SHAMIIM. There is nothing wrong in being rich and nothing noble in being poor. As long as the world sees wealth as an end to itself and excludes G-D from their lives, there will be oppression of the weak by the strong. Strong does not necessarily mean rich. It can be the local bully, gang or government as well.

  2. They could give every single one of the poorest people one dollar, which would cost 3,5 billion dollars, and it wouldn’t help them a bit. I don’t get the issue.
    I have a hundred dollars, that makes me richer than 100 people with nothing. So what?
    It’s not like they aren’t donating to important causes like the rebuild Gaza fund.

  3. Didn’t we just learn about S’dom and Amorah? Wasn’t the sin of S’dom that it oppressed the poor? Considering that the income gap in the US is great and growing larger – it just makes me a little nervous.

  4. The income gap is a meaningless figure. The top 85 wealthiest people also create a lot more wealth and hire a lot more people than the poorest 3.5 billion. Furthermore, many of them are generous people. Using the power of government to redistribute wealth, the only enforceable way of manually closing the gap, simply doesn’t work. Despite mainstream media protestations to the contrary, the only real solution is trickle down economics. Government, get out of the way!

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