Ten billionaires reap $400bn boost to wealth during pandemic

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Covid-19 pushed many into poverty but brought huge benefits for some of the wealthiest, renewing calls for fairer taxes

Ten of the richest people in the world have boosted their already vast wealth by more than $400bn (£296bn) since the coronavirus pandemic began as their businesses were boosted by lockdowns and financial crises across the globe.

The extra wealth accumulated by the 10 men – approximately $450bn, using Forbes figures – over the past nine months is more than the £284bn the British government is estimated to have spent on tackling the pandemic and the economic damage it has wrought on its 66 million people.

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Source: https://www.theguardian.com/technology/2020/dec/19/ten-billionaires-reap-400bn-boost-to-wealth-during-pandemic
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The Article Was Written/Published By: Rupert Neate Wealth correspondent

Author: Droolin' Dog News Team