Super-Rich 0.001% Own 3x Wealth of Poorest 4 Billion: Report

Business
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News18•13-12-2025, 16:33
Super-Rich 0.001% Own 3x Wealth of Poorest 4 Billion: Report
- •The "World Inequality Report 2026" highlights extreme global wealth disparity.
- •The richest 0.001% (56,000 individuals) possess three times more wealth than the poorest 4 billion people globally.
- •The wealthiest 10% of the world's population own over 75% of global wealth, while the poorest 50% own only 2%.
- •The report links the richest 10% to 77% of carbon emissions, highlighting their disproportionate environmental impact.
- •Solutions proposed include progressive taxation, a minimum tax on billionaires, and increased investment in public services to reduce inequality.
Why It Matters: Extreme wealth inequality threatens global economy and democracy.
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