The wealth of the richest 1% 'is the other 99%'

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The richest 1% now has as much wealth as the rest of the world combined, according to Oxfam.

It uses data from Credit Suisse in October on the report, which calls on the leaders meeting in Davos this week to decide on inequality.

Oxfam also estimated that the richest 62 people in the world had as much wealth as the poorest half of the world's population.

He criticized the work of lobbyists and the amount of money stored in tax havens.

Oxfam predicted that 1% of the world catch up with the rest of this time last year.

It takes cash and assets in the amount of $ 68,800 (£ 48,300), to get into the top 10%, and $ 760,000 (£ 533,000) to be 1%. This means that if you have an average house in London without a mortgage, you are probably in the 1%.

The figures are different reefs, for example, information about the wealth of the super-rich is hard to find that Credit Suisse says it means the estimate of the proportion of wealth owned by 10% and 1%, "probably err on the low side."

As a global report, these figures are also sure to include some assessment of well-being in the countries from which the precise statistics are not available.

Oxfam said that the 62 richest people, with so much wealth as the poorest 50% of the population is a remarkable concentration of wealth, given that it would take 388 individuals to have the same wealth as the bottom 50% in 2010.

Comparison Chart wealth of 62 richest people in the lower 50%
"Instead of an economy that works for the benefit of all, for future generations, and for the planet, we instead created the economy by 1%," Oxfam said in a report.

The trend during the period that Credit Suisse provides, this study was the fact that the share of the wealth is in the top 1% has fallen gradually from 2000 to 2009 and has risen every year since then.

In fact, it is only in 2015 figures, that the proportion owned by the top 1% ahead of the share taken by them in the first report in 2000.

Oxfam calls on governments to take action to reverse this trend.

He wants to pay workers a living wage, and the gap narrowed with executive rewards.

It calls for an end to the gender gap in wages, compensation for unpaid child care and equal land rights and inheritance rights for women.

And wants the government to take action on lobbying, reducing drug prices by taxing wealth, rather than consumption, and using progressive government spending to address inequality.