As of Jan 18, 65, the BBC reported Oxfam, a non-profit organization focused on alleviating poverty around the world. Unveil a report on inequality in the world. In the beginning of the World Economic Forum in Davos Switzerland says that the top 10 richest people in the world have more than doubled their wealth since March 2020 in light of the coronavirus pandemic. that affect the economy and most of the world heavily
Danny Sriskandarajah, or Thananjayan Sriskantharaj, head of Oxfam in the UK, said the Oxfam organization will have a report annually. To coincide with the World Economic Forum in Davos, and this year, things have happened more than usual. because there are new millionaires emerging almost every day during the Covid-19 epidemic while 99% of the world’s population is getting more difficult from the lockdown measures falling international trade and a decrease in international tourism which the impact of these matters More than 160 million people in the world have been pushed into poverty.
Oxfam cited a Forbes report that said the top 10 richest billionaires in the world were Elon Musk, Jeff Bezos, Bernard Arnault and others. Family, Bill Gates, Larry Ellison, Larry Page, Sergey Brin, Mark Zuckerberg and Warren Buffett.
As a consequence, the wealth of these 10 billionaires increased from $700 billion to $1.5 trillion, or double during the month of March. 2020-November 2021, especially Elon Musk, founder and CEO of Tesla and SpaceX. 1000% richer, while Microsoft tycoon Bill Gates is 30% richer.
The Oxfam organization Decided to measure the wealth growth of these billionaires. Since the start of the COVID-19 pandemic, global stock indexes have plummeted. The wealth of these billionaires depends on the stocks they hold. With prices falling in March 2020, this means the growth of these billionaires’ assets is measured on a low base. Because if Oxfam measures the wealth of millionaires before COVID-19 starts to spread, it will likely have lower asset growth than Oxfam announced.