During the pandemic, these bilionares doubled their fortunes.
According to the Oxfam analysis, the world’s ten wealthiest people doubled their fortune over the first two years of the coronavirus pandemic, while poverty and inequality grew. Oxfam is a confederation of charities dedicated to relieving global poverty.
At a briefing published before the virtual mini-summit of world leaders, which is being held under the authority of the World Economic Forum, accordingly, these people’s wealth increased by 1.3 billion dollars per day, from 700 billion to 1,500 billion dollars.
The millionaires’ wealth grew more during the pandemic than in the previous 14 years when the world economy suffered its worst recession since the 1929 Wall Street crash, Oxfam reports.
The organisation called the inequality “economic violence” and said the difference contributes to the deaths of 21,000 people every day due to a lack of access to health care, gender-based violence, hunger and climate change.
To save lives, Oxfam has called for tax reforms to fund vaccine production, health care, climate change, and the reduction of gender-based violence around the world. The group claimed to have based its wealth calculations on the most up-to-date data sources and to have used a list of billionaires compiled magazine Forbes magazine for the year 2021.
The men who own the world:
The richest man alive, Elon Reeve Musk, according to the Bloomberg billionaires index and the Forbes real-time with an estimated net worth of roughly US$270 billion as of January 2022.
The runner up is Bernard Arno, the CEO of LVMH Moët Hennessy – Louis Vuitton SE. According to Forbes, is the world’s second-richest person and Europe’s richest person as of 3 January 2022, with a net worth of US $202.1 billion.
The bronze goes to Jeff Bezos. He is the second-wealthiest person in the world, according to Bloomberg’s Billionaires Index, and the third-wealthiest person according to Forbes, with a net worth of roughly US$196 billion as of January 2022.
Next on the list is Bill Gates. Bill had a net worth of US$139 billion in January 2022, making him the fourth richest person on the Planet.
The youngest of the bunch, in spot number five, is Mark Zuckerberg, worth $128 billion in January 2022,
In the seventh seat we have Sergey Brin, co-founder of Google. He has a net worth of $124 billion as of January 2022.
The eighth spot is taken by Steve Ballmer. The Bloomberg Billionaires Index says his personal worth is estimated to be over $119 billion in January 2022.
The world’s ninth wealthiest human is Warren Buffett. Warren is considered to be one of the world’s most successful investors. Buffetћ’s has a net worth of nearly $109.5 billion as of January 2022.
Last, we have Larry Ellison with a fortune of $108 billion. He is up from $57.3 billion in 2018. Because of that, he was the tenth-wealthiest person in the United States and the tenth-wealthiest person in the world as of January 2022.