The wealthiest 1% will soon own more than the rest of the world’s population, according to a study by anti-poverty charity Oxfam. The charity’s research shows that the share of the world’s wealth owned by the richest 1% increased from 44% in 2009 to 48% last year. On current trends, Oxfam says it expects the wealthiest 1% to own more than 50% of the world’s wealth by 2016.

Further details here.