The pandemic created a new billionaire every 30 hours as millions brace for extreme poverty
“The super-rich have rigged the system with impunity for decades and they are now reaping the benefits,” Oxfam International warns.
Oxfam International has a new report out today that highlights the rapidly widening gap between the few ultra-rich and the world’s poorest. The report, titled “Profiting from Pain,” found that during the first two years of the pandemic, a new billionaire was minted every 30 hours, with a total of 573 of the world’s richest becoming billionaires during that time frame.