Since the pandemic began, incomes for 99% of people across the world decreased while the 10 richest men in the world collectively increased their wealth by about $800 billion, according to anti-poverty charity Oxfam
The study revealed a global inequality between the rich and the poor. According to the report’s official data released on Monday.
Elon Musk and Jeff Bezos’ fortunes increased from $700 billion to $1.5 trillion between March 2020 and November 2021.
Meanwhile, those who fell below the top percentile of income – 99 per cent of people worldwide – saw a decrease in income over the same period, according to the report, which is based on World Bank data. Worse, according to the report, more than 160 million people have been forced into poverty.
According to Forbes, the 10 richest men in the world are Elon Musk, Jeff Bezos, Bernard Arnault and family, Bill Gates, Larry Ellison, Larry Page, Sergey Brin, Mark Zuckerberg, Steve Ballmer and Warren Buffet.
