Monday 17 January 2022

The world’s richest 10 men doubled their fortunes to $1.5 trillion during the pandemic, says Oxfam

https://www.google.com/amp/s/www.marketwatch.com/amp/story/the-worlds-richest-10-men-doubled-their-fortunes-to-1-5-trillion-during-the-pandemic-says-oxfam-11642426379 


The world’s richest 10 men doubled their fortunes to $1.5 trillion during the pandemic, says Oxfam

The world’s top ten billionaires increased their wealth by $1.3 billion a day, or $15,000 a second, during the global pandemic.

That’s according to a new report from global charity Oxfam International released on Monday, that said those billionaires doubled their fortunes from $700 billion to $1.5 trillion. Over the same timeframe, the incomes of 99% of humanity fell and over 160 million more people were forced into poverty.  

“If these ten men were to lose 99.999 percent of their wealth tomorrow, they would still be richer than 99 percent of all the people on this planet,” said Oxfam International’s Executive Director Gabriela Bucher. “They now have six times more wealth than the poorest 3.1 billion people.” 


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