World’s 10 richest men see their wealth double during Covid pandemic

The Guardian says The 10 richest men in the world have seen their global wealth double to $1.5tn (£1.01tn) since the start of the global pandemic.

World’s 10 richest men see their wealth double during Covid pandemic

The Guardian says The 10 richest men in the world have seen their global wealth double to $1.5tn (£1.01tn) since the start of the global pandemic following a surge in share and property prices that has widened the gap between rich and poor, according to a report from Oxfam.

Urging governments to impose a one-off 99% wealth tax on Covid-19 windfall gains, the charity said World Bank figures showed 163 million more people had been driven below the poverty line while the super-rich were benefiting from the stimulus provided by governments around the world to mitigate the impact of the virus.

Oxfam projects that by 2030, 3.3 billion people will be living on less than $5.50 per day.

https://www.theguardian.com/business/2022/jan/17/world-10-richest-men-see-their-wealth-double-during-covid-pandemic


…………………

FOLLOW US ON SOCIAL MEDIA AND SHARE WTX NEWS WITH YOUR FRIENDS AND FAMILY:

FacebookPlease like our page

Twitter Twitter updates available in English and Arabic. Please follow us and we would love to hear from you

Instagram – Follow our pages in English and Arabic

Get access to our free Fitness classes with your membership and a perfectly crafted email with your news summary