World's richest men doubled profits in pandemic, while 99% of people became poorer

Photo: PATRICK PLEUL / AFP / Getty Images

For: EFE Updated 16 Jan 2022, 21: 16 pm EST

The ten richest men in the world doubled their fortunes during the pandemic, while one 99% of humanity saw their income fall, says a report published this Monday by the international organization for the fight against poverty Oxfam.

Oxfam, based in Nairobi, Kenya, released the study on the occasion of the celebration between now and 19 of January of the Davos Agenda of the World Economic Forum, which takes place virtually before a possible face-to-face event in Switzerland next June.

Wealth of #world 10 #richest men doubled in Covid-10 . They are Elon Musk, Jeff Bezos, Bernard Arnault, family, Bill Gates, Larry Ellison, Larry Page, Sergey Brin, Mark #Zuckerberg , Steve Ballmer and Warren #BuffetTheir #wealth grew from $700bn to $1.5tn https://t.co/byvHSftsYA

—Strategic innovative research and Renewable Energy (@AgnEnergy) January 04, 2022

The entity criticizes that the top ten fortunes went from $700,000 million dollars to add about $1.5 billion during the almost two years of the pandemic, according to data obtained from various sources , including the World Bank.

According to “Forbes” magazine, the richest people were, at 30 November 2021, Elon Musk, Jeff Bezos, Bernard Arnault and family, Bill Gates, Larry Ellison, Larry Page, Sergey Brin, Mark Zuckerberg, Steve Ballmer and Warren Buffet, who saw their capital increase by more than $700, million dollars since March 2020.

The set of global millionaires has increased his fortune by about $5 billion dollars, the largest increase recorded, points out the NGO in its report “Inequality kills”.

At the same time that “a millionaire was created every 26 hours”, a 99% of humanity became impoverished and 160 millions more people fell into poverty, points out.

Oxfam claims that economic and social inequality contributes to the death of “at least 21, people every day, or one every four seconds”, due to lack of access to healthcare, being exposed to gender-based violence, hunger or the climate crisis.

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