Report: World's richest to own half of worldwide wealth

Microsoft co-founder Bill Gates smiles during an interview with Liz Claman on the Fox Business Network in Omaha, Neb., Monday, May 5, 2014. (AP Photo/Nati Harnik)

The world's rich are getting richer. A new report reveals the world's richest one percent will soon own 50 percent of worldwide wealth.

The report comes from the anti-poverty charity Oxfam.

Last year, the wealthiest one percent controlled just 48 percent of the world's wealth.

Oxfam is now calling for action to address inequality.
Related Topics:
societycharitystudyu.s. & worldbill gateswarren buffettlarry ellisonmark zuckerberg
(Copyright ©2019 KGO-TV. All Rights Reserved.)