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The wealth of the world’s 10 richest people doubled in two years after the pandemic: Report

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The wealth of the world's 10 richest people doubled in two years after the pandemic: Report

Elon Musk is the richest person in the world. (file photo)

Paris:

Wealth of 10 richest people in the world coronavirus pandemic It has doubled in these two years. In a report that came out on Monday, it has come to the fore that in these two years the wealth of the world’s richest has doubled, while on the other hand poverty and inequality in the world have increased further. An Oxfam report said that the wealth of the world’s 10 richest people increased from $ 700 billion to $ 1.5 trillion. That is, their wealth grew at an average rate of $ 1.3 billion every day. This report was published in a briefing at a virtual mini-summit held at the World Economic Forum.

Oxfam, an organization focused on eradicating global poverty, reported that the wealth of billionaires increased in the past 14 years in the pandemic, that is, the Wall Street crash in 1929, followed by the global recession in 2008. After that, even in the last 14 years, his wealth has not increased that much.

The report describes this inequality as ‘economic violence’ and says that this inequality causes about 21,000 deaths every day due to lack of health facilities, gender-based violence, hunger and climate change worldwide.

In this epidemic, 160 million people have fallen deeper into the poverty gap, which has the most impact on non-white minority race people and women. Oxfam advocates for “reform” of taxation to support global vaccination production, improve health facilities, eliminate gender-based violence, and take necessary steps to address climate change.

If you look at the list of the top 10 richest people of Forbes magazine, then it is something like this-

– Elon Musk, Chief of Tesla and SpaceX,
– Jeff Bezos of Amazon,
– Google founders Larry Page and Sergey Brin
– Mark Zuckerberg of Facebook,
– Bill Gates and Steve Ballmer, former CEOs of Microsoft
— Larry Ellison, former CEO of Oracle
US veteran investor Warren Buffett
– Bernard Arnau of French luxury group LVMH

(This news has not been edited by NDTV team. It has been published directly from Syndicate feed.)

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