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Wealth inequality stands at its highest since the turn of the 20th century - the so-called 'Gilded Age' - as the proportion of capital held by the world's 1,542 dollar billionaires swells yet higher. The report, undertaken by Swiss banking giant UBS and UK accounting company PwC, discusses the roles technology and globalization play in the status quo, and appears two weeks after the IMF recommended that the rich should pay more tax to address the enormous disparity.
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(Score: 1) by khallow on Sunday October 29 2017, @08:25PM
Well, who was claiming that they're all in the Third World? There are a fair number [wikipedia.org] in the developing world, it's not a phenomenon exclusive to the developed world, though obviously the developed world is inordinately endowed with them. For example, Slim Carlos is Mexican and the sixth richest person in the world.
From the link, there are just over 2000 billionaires in the world, with China having over 300 and India over 100.