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Billionaires’ Wealth Skyrocketed During Pandemic as 100 Million People Pushed into Extreme Poverty

HeadlineDec 08, 2021

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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