300 people have more wealth than 3 billion people of poor countries. Multinational corporations loot the money from poor nations and bring it to the rich countries. Corrupt rulers of poor countries loot the money and invest it into rich countries.
Just eight individuals own as much wealth as the poorest half of the world’s population, Oxfam said in a 2016 report.
Oxfam, which described the gap as “obscene”, said if the new data had been available before, it would have shown that in 2016 nine people owned the same as the 3.6 billion who make up the poorest half of humanity, rather than 62 estimated at the time.