Wealth Of World’s 10 Richest Men ‘Doubled’ During The Pandemic – Report

• The report calculates that 252 men have more wealth than all one billion women and girls in Africa and Latin America and the Caribbean combined…

EKO HOT BLOG reports that a new report from Oxfam International has shown that the wealth of the 10 richest men has doubled during the coronavirus pandemic, stoking inequality that contributes to the deaths of at least 21,300 people each day. 

“We enter 2022 with unprecedented concern,” Oxfam’s Inequality Kills (to add link) report warns, arguing that the current global state of extreme inequality is a form of “economic violence” against the world’s poorest people and nations.

The report calculates that 252 men have more wealth than all one billion women and girls in Africa and Latin America and the Caribbean combined. And 10 of the world’s richest men own more than the least affluent 3.1 billion people.

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Moreover, while the rich got a whole lot richer during the pandemic, the incomes of 99 percent of humanity suffered.

Oxfam’s report is usually released prior to the World Economic Forum (WEF) annual meeting in Davos, Switzerland – but the gathering of the world’s richest and most powerful has been postponed again this year due to the pandemic.

Last week, WEF released its Global Risks Report 2022 warning that the lopsided economic recovery from the coronavirus, much of which has relied on the roll-out of vaccinations, has deepened divisions within and between nations.

It also stressed that growing inequality, made worse by the pandemic, is sure to cause additional tensions, resentments and further complicate nations’ responses to climate change, economic disparities and social instabilities.

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