Startling Numbers Show How Bad the Wealth Gap Really Is in America

The wealth gap in the United States has been getting worse for decades, but few understand just how bad things really are. Since 1989, the top one percent has gained $21 trillion in wealth while the bottom half has lost more than $900 billion. The rich are getting richer and the poor are getting poorer, and that isn’t an accident. Ring of Fire’s Farron Cousins discusses this.

Global Wealth Inequality – What You Never Knew You Never Knew

The richest 300 people in the world are more wealthy than the poorest 3 billion combined, and every year rich countries take over 10 times more money from poor countries than they give in aid.

Russia: 110 Russians Own 35% of the Money

DAILY EXPRESS: Just 110 people own more than a third of Russia's total wealth, the highest level of inequality in the world barring small Caribbean nations, a new report says.

Investment bank Credit Suisse said that the group owned 35% of household wealth.

Worldwide, billionaires account for just 1-2% of total wealth but Russia has one billionaire for every 11 billion dollars (£6.9 billion) in wealth while in the rest of the world there is only one for 170 billion dollars (£107 billion).

The fall of Communism saw Russia's most prized assets sold off to a small circle of businessmen later known as oligarchs. President Vladimir Putin allowed them to keep their wealth in exchange for their political loyalty. » | AP | Wednesday, October 09, 2013