Why Do 1% of People Control Most of the Wealth in the World?

By James Mills, Associate Partner, Lighthouse International

Recently it was reported that the richest 1% of the world’s population now owns more than half of the world’s wealth. This has happened a year ahead of the prediction made by Oxfam earlier this year. We now live in a world where the 80 richest people own the same as the poorest 50% (3.5 billion people).