In financial news, the World Inequality Lab found the world’s billionaires saw their net worth grow exponentially during the pandemic, by more than $3.6 trillion in 2020 alone, while 100 million more people were pushed into extreme poverty. The report also found that, since 1995, the world’s richest 1% claimed 38% of all new wealth, as the poorest half of the global population benefited from just 2%.
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