Summary:
The ten richest billionaires- all men- have seen their wealth more than double from 0bn to .5 trillion between March 2020 and November 2021, according to calculations by Oxfam based on Forbes billionaires. They now own six times more wealth than the poorest 40% of the global population, some 3.1 billion people.
Source: ForbesTaken together, the world’s billionaires saw their wealth increase by .2 trillion to .8 trillion between March 2020 and November 2021. This is more than the past 14 years combined. A new billionaire was created every 26 hrs. To give you some idea, this means that the combined wealth of these 2660 billionaires is now about the same as the whole Chinese economy, the world’s second largest.
Yet the pandemic has battered the world’s poorest and most
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The ten richest billionaires- all men- have seen their wealth more than double from $700bn to $1.5 trillion between March 2020 and November 2021, according to calculations by Oxfam based on Forbes billionaires. They now own six times more wealth than the poorest 40% of the global population, some 3.1 billion people.
Source: Forbes
Taken together, the world’s billionaires saw their wealth increase by $5.2 trillion to $13.8 trillion between March 2020 and November 2021. This is more than the past 14 years combined. A new billionaire was created every 26 hrs. To give you some idea, this means that the combined wealth of these 2660 billionaires is now about the same as the whole Chinese economy, the world’s second largest.
Yet the pandemic has battered the world’s poorest and most vulnerable people the hardest. I see that every day here in Nairobi. I think of my mother, back home in the village. How can I explain to her the sheer scale of the wealth owned by these rich people, whilst ordinary people continue to suffer?
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