COVID SHOWERS BILLIONAIRES BY KILLING POORS
World’s 10 richest double their fortunes as Covid pushes millions into poverty: Oxfam ,know in detail
(The Quiver): Covid -19 pandemic geared up the wealth of riches and stabbed the poorer sections by bashing them into poverty. This economic violence has torn the world apart into sections. According to the latest survey of conducted by Oxfam, it stated that increasing economic, gender and racial inequalities, as well as the disparity that exists between countries “are tearing our world apart.”
Oxfam survey reveals
The world’s 10 richest men doubled their fortunes during the COVID-19 pandemic as poverty and inequality soared. While the fortunes of the world’s billionaires have soared, the world’s poorest are facing even more dire circumstances.
“Over 160 million people are projected to have been pushed into poverty,” according to the paper “Inequality Kills,” the world’s 10 richest men doubled their fortunes during the COVID-19 pandemic as poverty and inequality soared, an Oxfam study revealed on Monday.
Forbes listed the 10 richest men in the world as: Tesla and SpaceX chief Elon Musk, Amazon’s Jeff Bezos, Google founders Larry Page and Sergey Brin, Facebook’s Mark Zuckerberg, former Microsoft CEOs Bill Gates and Steve Ballmer, former Oracle CEO Larry Ellison, US investor Warren Buffet and the head of the French luxury group LVMH , Bernard Arnault.
Billionaires have seen a record surge in their wealth during the pandemic, according to aid agency Oxfam. The world’s 10 wealthiest people more than doubled their fortunes to USD 1.5 trillion during the pandemic.
The 10 richest people boosted their fortunes by USD 15,000 a second or USD 1.3 billion a day during pandemic. These 10 world’s richest people own more than the world’s poorest 3.1 billion people combined.
New billionaire has been created every 26 hours since the pandemic began, the survey revealed.
More than 160 million people are estimated to have been pushed into poverty during the health crisis. Inequality between nations is expected to rise for the first time in a generation and is also growing within countries.
As per the predictions of World Bank in 2023, per capita incomes are likely to remain below 2019 levels in 40 developing countries.
