Business

Billionaires Double Their Wealth in Pandemic

Pandemic

Oxfam, which studies inequality, announced that inequality has increased more in the pandemic. According to the agency, the richest people in the world added wealth to their wealth between March 2020 and November 2021. On the other hand, misery is growing.

Oxfam, founded in 1942 and conducting research on inequality globally, made striking statements. A new report by the agency has found that the wealth of the world’s 10 richest people doubled during the pandemic. According to Oxfam, which is worth as much as $1.5 trillion, the richest are increasing their assets severalfold, while ordinary people are becoming increasingly impoverished.

The wealth of the world’s 10 richest names increased by $821 billion between March 2020 and November 2021, according to Oxfam, which makes calculations using Forbes’ Billionaires Index. Their daily earnings were almost $1.3 billion. When we look at the research in reverse, we encounter an unprecedented situation. By 2030, at least 3.3 billion people will be earning less than $5.5 billion a day, according to Oxfam’s research.

What were the fortunes of the world’s richest people in March 2020?

Pandemic

  • Jeff Bezos: $129.9 billion
  • Bill Gates: $113.1 billion
  • Bernard Arnault: $107.8 billion
  • Warren Buffett: $89.4 billion
  • Mark Zuckerberg: $79.3 billion
  • Amancio Ortega: $76.6 billion
  • Larry Errison: $69.4 billion
  • Carlos Slim Helu: $69.2 billion
  • Larry Page: $67.9 billion
  • Sergey Brin: $65.5 billion

In the list above, you see that in March 2020 the total wealth of the richest people in the world is $868.1 billion. Frankly, even if these numbers are staggering, compared to today, there are mountains in between. Elon Musk, for example, has topped this list, which he did not include in March 2020. Let’s see how it is today. To be more decisive, we’ll be based on Forbes’ ranking of real-time billionaires.

How much is the fortune of the 10 richest people in the world today (17.01.2022)?

Pandemic

  • Elon Musk: $268.1 billion
  • Jeff Bezos: $188 billion
  • Bernard Arnault: $187.8 billion
  • Bill Gates: $134.5 billion
  • Larry Errison: $120.1 billion
  • Larry Page:$119.4 billion
  • Mark Zuckerberg: $117.5 billion
  • Warren Buffett: $116.9 billion
  • Sergey Brin: $115.1 billion
  • Steve Ballmer: $98.5 billion

When we look at Forbes’ “Real-Time Billionaires” index, today we see that the total assets of the 10 richest people in the world have reached $1.47 trillion. Although there are a few slight changes in the list, as you can see; assets have increased significantly in a very short period of time. Oxfam also explained what can be done with this money.

The total assets of the world’s 10 richest people could end gender-related violence in 80 countries, according to an Oxfam report. In addition, with this money, anyone in the world can be vaccinated against diseases. According to Oxfam, which says a universal health care system can be established, $1.47 trillion could provide unprecedented funding for the climate crisis.

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