Money Empire: Half of Global Wealth Controlled by the Richest 62 People, Widening Wealth Gap

According to a survey by Oxfam International, global wealth inequality continues to worsen. As of 2015, the wealth owned by the world's 62 richest billionaires was equal to the total wealth of half the world's population (approximately 3.5 billion people). The wealth of these billionaires has increased by 44% since 2010, while the wealth of the poorer half has decreased by 41%. The article also notes that African millionaires hide large amounts of wealth overseas to avoid taxation, causing huge tax losses.