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    World's 85 richest people have as much as poorest 3.5 billion: Oxfam warns Davos of 'pernicious impact' of the widening wealth gap

    The 85 richest people on the planet have accumulated as much wealth between them as half of the world's population, political and financial leaders have been warned ahead of their annual gathering in the Swiss resort of Davos.

    The tiny elite of multibillionaires, who could fit into a double-decker bus, have piled up fortunes equivalent to the wealth of the world's poorest 3.5bn people, according to a new analysis by Oxfam. The charity condemned the "pernicious" impact of the steadily growing gap between a small group of the super-rich and hundreds of millions of their fellow citizens, arguing it could trigger social unrest.

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