Tag: Wealth Disparity

The Pandemic has Created over 550 New Billionaires

The Pandemic has Created over 550 New Billionaires

While the pandemic and its economic repercussions have caused many around the world to suffer, this is not the case for some. Rather, around 573 people have joined the list of
billionaires since 2020. Meaning on average a new billionaire was minted every 30 hours in the last two years. The figures come from a report released by Oxfam, a nonprofit in the UK. Oxfam utilized data from Forbes as well as the world bank to produce their report, Profiting from Pain, in which they shed light on the growing wealth inequality in the world.

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