World’s rich thrived, doubled fortunes to US$1.5 trillion, as coronavirus pushed millions into poverty, Oxfam says


Source: scmp.com scmp.com

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The world’s 10 wealthiest people more than doubled their fortunes from US$700 billion to US$1.5 trillion during the coronavirus pandemic as poverty rates soared, according to a study released by charity Oxfam ahead of a high-profile World Economic Forum (WEF) event this week. Heads of state will join chief executives and other prominent figures this week to discuss the planet’s most pressing issues – from climate change to Covid-19 vaccine inequity – at the Davos Agenda 2022 conference. The online meeting will be a springboard for WEF’s annual summit, which normally sees the world’s rich and powerful converge on the...