Middle East

The world’s wealthiest top 10 people have doubled their wealth during a pandemic

New Delhi: According to an Oxfam report, the 10 wealthiest men in the world have been wealthy in the world since the global epidemic began after the gap between the rich and the poor widened due to soaring stock and real estate prices. It has doubled to $ 1.5 trillion. The Guardian reported.

Charity urged the government to impose a one-time 99% wealth tax on the increase in Covid-19 storms, and World Bank figures benefit from the stimulus provided by the surrounding governments to the ultra-rich. In the meantime, the world is to mitigate the effects of the virus, according to a report that said 163 million people were below the poverty line.

Oxfam predicts that by 2030, 3.3 billion people will live on less than $ 5.50 a day.

Income of 99% of the world population has decreased

Charities said that 99% of the world’s population’s income fell from March 2020 to October 2021. ..

According to figures from Forbes Billionaireists, Musk has increased his wealth tenfold to $ 294 billion in the first 20 months of the pandemic, surpassing Amazon founder Jeff Bezos and being the most in the world. I became a wealthy person. According to the report.

Technology stocks

Bezos’ net worth increased 67% to $ 203 billion and Facebook’s Mark Zuckerberg’s wealth doubled to $ 118 billion during the tech stock surge on Wall Street, the founder of Microsoft. Bill Gates’ assets increased 31% to $ 137 billion.

People with more modest income also saw the value of their wealth rise during the pandemic, but Oxfam saw 10 of the wealthiest men six times as wealth as the bottom 40 percent (3.1 billion). I said I own it. Charities will take 414 years for 10 billion high net worth individuals to spend their total wealth at a rate of $ 1 million per day, the report said.

https://www.siasat.com/worlds-top-10-richest-persons-doubled-wealth-during-pandemic-2260067/ The world’s wealthiest top 10 people have doubled their wealth during a pandemic

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