Billionaires having ‘terrific pandemic,’ but not so great for 99% of humanity

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  • Source: WND Staff
  • 01/17/2022
Bill Gates (Video screenshot)

Bill Gates (Video screenshot)

Did you ever wonder how the rich made out during the lockdowns, supply-chain snafus, economic upheaval, and the pandemic?

The world's 10 richest men grew richer – much richer. In fact, they "have had a terrific pandemic," according to a report released Monday.

They more than doubled their fortunes to $1.9 trillion. They increased their fortunes to the tune of $1.6 billion a day over the last 12 months, according to the Oxfam report.

SpaceX founder and CEO Elon Musk at the successful SpaceX Demonstration Mission 2 launch Saturday, May 30, 2020, at the Kennedy Space Center Launch Control Center in Cape Canaveral, Florida. (Official White House photo by Shealah Craighead)

SpaceX founder and CEO Elon Musk at the successful SpaceX Demonstration Mission 2 launch Saturday, May 30, 2020, at the Kennedy Space Center Launch Control Center in Cape Canaveral, Florida. (Official White House photo by Shealah Craighead)

A confederation of charities that focus on alleviating global poverty, Oxfam said members of the globalist financial elites saw their wealth rise more during the pandemic more than it did the previous 14 years, when the world economy was suffering the worst recession since the Wall Street Crash of 1929.

"We have a situation where 10 men hold more wealth than that of two-thirds of humanity," Lyn Morgain, chief executive of Oxfam Australia, told Australia's ABC news outlet. "Not only that, but that bottom 40 percent are hanging on by a thread."

Meanwhile, the likes of Tesla co-founder Elon Musk, Amazon's Jeff Bezos, and Facebook's Mark Zuckerberg, enjoyed the greatest year-on-year growth since records began, the report outlined.

Jeff Bezos (video screenshot)

Jeff Bezos (video screenshot)

Meanwhile, according to Oxfam, more than 160 million people were pushed into poverty and death.

In all, 20 new "pandemic billionaires" have also been created in Asia thanks to the international response to coronavirus, according to the charity.

Forbes listed the world's 10 richest men as: Tesla and SpaceX chief Elon Musk, Amazon's Jeff Bezos, Google founders Larry Page and Sergey Brin, Facebook's Mark Zuckerberg, former Microsoft CEOs Bill Gates and Steve Ballmer, former Oracle CEO Larry Ellison, U.S. investor Warren Buffet and the head of the French luxury group LVMH, Bernard Arnault.

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