Wealth of world's 10 richest people doubled during pandemic

Data from Oxfam International's "Inequality Kills" report shows the world's wealthiest people more than doubled their fortunes during the pandemic.

The report says during the first two years of the pandemic, the world's 10 richest men deepened their pockets from $700 billion to $1.5 trillion.

That's a rate of $1.3 billion per day.

Bloomberg's billionaire's index reports similar numbers, with the world's wealthiest people collectively gaining $1 trillion last year.

At the top is Elon Musk with a total net worth of $269 billion, Jeff Bezos with $187 billion, Bill Gates with $133 billion, Facebook's Mark Zuckerberg with $124 billion and Warren Buffet with $117 billion.

"If these ten men were to lose 99.999% of their wealth tomorrow, they would still be richer than 99% of all the people on this planet. They now have six times more wealth than the poorest 3.1 billion people," said Oxfam International's Executive Director Gabriela Bucher.

According to the World Bank, poverty rose in 2020 for the first time in over 20 years.

https://ktul.com/news/nation-world/fact-check-team-wealth-of-worlds-10-richest-people-doubled-during-pandemic