The COVID-19 pandemic has affected most of us in both health and economic aspects. The pandemic, which began making its mark globally two years ago, has killed nearly six million people on the one hand, and left thousands jobless on the other – with the economies of many countries under pressure. The lockdown and its aftereffects have had its impact on people’s wealth as many people lost their jobs or had to close their businesses. However, it is not true for everyone. Charity firm Oxfam said in a report that the pandemic has made the top 10 richest people even richer.
World’s top 10 richest people’s wealth doubled during pandemic: Oxfam
Oxfam said in a report published on Monday that the wealth of the top 10 richest people has doubled during the pandemic. “A new billionaire is created almost every day during this pandemic, meanwhile 99 percent of the world’s population has been hit hard by lockdowns, low international trade, low international tourism, and, as a result, 160 million more people. Chief of Oxfam GB “Pushed into poverty,” said executive Danny Sriskandarajah.
In its policy paper titled “Inequality Kills”, the charity organization said, “The wealth of the 10 richest people in the world has doubled since the start of the pandemic. 99 percent of humanity’s income is crippled by COVID-19.” Widespread economic, gender and racial inequalities—as well as inequality that exist between countries—are tearing our world apart.”
“We can get huge money back through progressive taxation; Invest in powerful, proven public measures that address inequality; and boldly transfer power to the economy and society,” the report further said.
“If we are courageous, and listen to the movements demanding change, we can create an economy in which no one lives in poverty, nor with unimaginable billionaire wealth—one in which inequality no longer kills,” added this.
Who are the top 10 richest people in the world?
According to Forbes rich list, the world’s top 10 richest people are – Tesla and SpaceX CEO Elon Musk, Amazon chief Jeff Bezos, Google co-founders Larry Page and Sergey Brin, Facebook founder Mark Zuckerberg, former Microsoft CEO Bill Gates and Steve Ballmer, former Oracle CEO Larry Ellison, US investor Warren Buffet and Bernard Arnault, head of French luxury conglomerate LVMH.
The wealth of the top 10 richest people collectively increased from $700 billion to $1.5 trillion amid the COVID-19 pandemic. Tesla and SpaceX chief Elon Musk emerged as the clear winners. The billionaire philanthropist’s wealth grew 1,000 percent during this period and recently increased to 304.2 billion, as he added $33.8 billion in a single day on January 4. Amazon’s Jeff Bezos followed him to take the second lead, but it is worth $188 billion. Monday, January 17th.
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