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<span class="" style="background-color:#ffffff">The richest 1% are on track to control two-thirds of the world’s wealth by 2030</span></div>
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<span class="" style="">WSJ, Apr 21, 2018 7:36 p.m. ET</span></div>
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<span class="" style="background-color:#ffffff"><a href="https://www.marketwatch.com/topics/journalists/quentin-fottrell" class=""><b class="">QUENTIN</b><span class="" style="line-height:normal; color:rgb(100,140,148)"><b class=""></b></span></a></span></div>
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<span class="" style="background-color:#ffffff"><a href="https://www.marketwatch.com/topics/journalists/quentin-fottrell" class=""><b class="">FOTTRELL</b><span class="" style="line-height:normal; color:rgb(71,89,95)"><b class=""></b></span></a></span></div>
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<span class="" style=""><b class="">PERSONAL FINANCE EDITOR</b></span></div>
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<span class="" style="background-color:#ffffff"><b class=""><i class="">Based on 6% annual growth in wealth, they would hold assets worth approximately $305 trillion</i></b></span></div>
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<span class="" style="background-color:#ffffff"><i class="">Just eight billionaires have as much wealth as 3.6 billion people — the poorest half of the world.</i></span></div>
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<span class="" style="background-color:#ffffff">Inequality around the world has reached an irreversible tipping point.</span></div>
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<span class="" style="background-color:#ffffff">The <a href="https://commonslibrary.parliament.uk/?s=1%25+and+2030" class="">
<span class="" style="line-height:normal; color:rgb(100,140,148)">U.K.-based House of Commons Library</span></a> said this month that, if current trends continue, the richest 1% will control nearly 66% of world’s money by 2030. Based on 6% annual growth in
wealth, they would hold assets worth approximately $305 trillion, up from $140 trillion today,
<a href="https://www.theguardian.com/business/2018/apr/07/global-inequality-tipping-point-2030" class="">
<span class="" style="line-height:normal; color:rgb(100,140,148)">the Guardian reported.
</span></a>This follows a report released earlier this year by Oxfam, which said that just eight billionaires have as much wealth as 3.6 billion people — the poorest half of the world.</span></div>
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<span class="" style="">The U.S. actually has a greater gap between rich and poor than many European countries. The divergence in the levels of inequality has been “extreme” between Western Europe and the U.S., according to a separate
<a href="http://wir2018.wid.world/files/download/wir2018-summary-english.pdf" class="">
<span class="" style="line-height:normal; color:rgb(100,140,148)">report</span></a>, released earlier this year by the World Inequality Lab, a research project in over 70 countries based at the Paris School of Economics, and co-authored by the French economist
Thomas Piketty. “The global middle class has been squeezed,” it said.</span></div>
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