New reports indicate that the most wealthy people in the world are reportedly more significantly well-off fiscally since the start of the coronavirus pandemic.
QUICK FACTS:
- The 10 richest men in the world have doubled their collective $1.9 trillion fortunes in the last year, according to a report by Breitbart News.
- The increase in fortunes has come at a pace of about $1.6 billion a day, sparing Bill Gates, Elon Musk, Mark Zuckerberg, Jeff Bezos, and others the financial hardships that have affected most across the world.
- Oxfam, which is a confederation of charities that focus on alleviating global poverty, said that members of the globalist financial elites saw a bigger increase in wealth over the last year than any time in the previous 14 years.
MORE ABOUT THE INCREASE:
- The Oxfam organization pointed out that this happened while the nation’s market suffered its biggest crash since the Wall Street Crash of 1929.
- “We have a situation where 10 men hold more wealth than that of two-thirds of humanity,” Lyn Morgain, chief executive of Oxfam Australia, Australia’s ABC news outlet. “Not only that, but that bottom 40 percent are hanging on by a thread.”
- The organization called the increase “unprecedented” and said that the inequitably that was deepened with coronavirus causes a bigger divide between the “haves and have nots.”
BACKGROUND:
- Heads of technology companies such as Tesla, Amazon, and Facebook saw the biggest increase, with the companies rocketing to outer space, in some cases literally.
- Additionally, the World Bank has projected that more than 160 million people worldwide have been pushed into poverty since the start of the pandemic.
- Twenty new “pandemic billionaires” have also been created in Asia thanks to the international response to coronavirus, according to the charity.
