World’s 10 richest men doubled their wealth to $1.5 trillion during pandemic

The 10 richest men in the world doubled their fortunes during the pandemic, a new Oxfam report has found.

The report also noted that even if the men were to lose 99.999 per cent of their fortune, they would still be richer than 99 percent of the world’s population

Chairperson of the Centre for Economic Studies and Planning at the Jawaharlal Nehru University in New Delhi, Jayati Ghosh told Business Today that the unequal access to income and opportunities during the pandemic did “more than create unjust, unhealthy and unhappy societies”.

“What makes this situation even harsher is that women in many countries face a second pandemic of increased gender-based violence- while, as with every crisis, having to absorb the shock of a mountain of unpaid care work that keeps them trapped at the bottom of the global economy.”

Source: World’s 10 richest men doubled their wealth to $1.5 trillion during pandemic

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