Deforestation for palm oil Indonesia © Ulet Ifansasti / Greenpeace

A recently cleared forest in West Kalimantan, Indonesia. © Ulet Ifansasti / Greenpeace

At the end of 2018, Credit Suisse published its updated report on global wealth. Forty-two-million millionaires and billionaires comprise the richest 0.5% of the world’s population. That translates to 0.8% of adults in the report, possessing 44.8% of the world’s economic wealth. A decade ago, researchers commonly reported that the wealthy 15% of humanity owned 85% of the resources.

Today, 6.2% (9.5% of adults) now claim 85% of the wealth. The rich got richer.

read more »