Oxfam International’s latest report on global inequality finds that while the 10 richest individuals in the world more than doubled their collective wealth since Covid-19 hit in 2020, the related result of this billionaire surge has been a deadlier and more prolonged pandemic for the rest of the world in which the incomes of 99 percent of humanity fell, over 160 million people were forced into poverty, and billions of the poorest were denied access to life-saving vaccines.
Entitled Inequality Kills, the new report states that intense global inequality is “contributing to the death of at least 21,000 people each day”—approximately one person every four seconds—even as ultra-billionaires like Elon Musk, Jeff Bezos, Mark Zuckerbeg, Warren Buffett, and a handful of others grow richer and richer with each passing hour.
In total, using data from Forbes, Oxfam found that the 10 richest men in the world saw their fortunes grow from an estimated $700 billion to $1.5 trillion dollars, a rate of over $1.2 billion per day, since the pandemic hit nearly two years ago.
— source , oxfam.org | Jon Queally | Jan 17, 2022