Wealth of 10 richest people doubled during pandemic: Report

Wealth of 10 richest people doubled during pandemic: Report

The ten richest people in the world more than doubled their wealth from $700 billion to $1.5 trillion—at a rate of $15,000 per second, or $1.3 billion per day—during the first two years of the pandemic, which saw an income per capita of 99 percent. . According to a report by Oxfam International released on Monday, the percentage of humanity falls and more than 160 million people are forced into poverty.

“Even if these ten people lost 99.999 percent of their wealth tomorrow, they would still be richer than 99 percent of all the people on this planet,” Oxfam International executive director Gabriella Butcher said in the report. “They now have six times more wealth than the poorest 3.1 billion people,” he said.

The wealth of billionaires has increased significantly in the last 14 years since the onset of COVID-19. At $5 trillion, it’s the biggest jump in billionaire wealth since records began. Oxfam International said its calculations were based on the most up-to-date and comprehensive data sources. “The figures for the richest in society come from Forbes’ 2021 billionaires list. The wealth share figures come from the Credit Suisse Research Institute’s Global Wealth Databook 2021. 99 percent of the income figures are from the World Bank.”

According to Forbes, as of 30 November 2021 the 10 richest people have seen their wealth increase by $821 billion since March 2020. The 10 richest people were listed: Elon Musk, Jeff Bezos, Bernard Arnault and family, Bill Gates, Larry Ellison, Larry Page, Sergey Brin, Mark Zuckerberg, Steve Ballmer and Warren Buffett.

For example, the ten wealthiest men could pay a 99 percent tax on the unforeseen events of the pandemic: to make enough vaccines for the world; To provide universal health care and social protection, fund climate adaptation and reduce gender-based violence in more than 80 countries. All of this, the report said, is still leaving these people $8 billion better than they were before the pandemic.

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