The Rich Got Richer During The Pandemic


Looks like the pandemic was a profitable time for the world’s wealthiest people.

According to a new report from Oxfam, the world’s 10 richest men actually doubled their wealth during the COVID-19 pandemic – from a combined total of $700 billion to more than $1.5 trillion.

The list includes people like Jeff Bezos, Elon Musk, Bill Gates, Mark Zuckerberg, and Warren Buffett.

Oxfam says money pumped into the economy by central banks during the pandemic “ended up lining the pockets of billionaires riding a stock market boom”.

Why did billionaires get richer during the pandemic?

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