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The better-heeled among you will officially control more than half of the world’s wealth by sometime next year.

“The scale of global inequality is quite simply staggering,” Winnie Byanyima, Oxfam’s executive director, said in the statement. “The gap between the richest and the rest is widening fast.”

Richest 1% Will Dominate World Wealth in 2016, Oxfam Says [Bloomberg]