Elon Musk, Bill Gates, Jeff Bezos and Mark Zuckerberg were among the billionaires who saw massive wealth gains over the course of the pandemic.
By Sharon Zhang, Truthout
As most of the world’s population suffered under a deadly pandemic, the world’s 10 richest people doubled their wealth while the world’s billionaires added $5 trillion to their collective wealth, a new report by Oxfam finds.
Since the beginning of the pandemic, billionaires have been profiting greatly from the global economy, the report’s authors wrote. Since March 2021, billionaire wealth has risen from an already high $8.6 trillion to $13.8 trillion and previous reports have found that the 10 richest people alone account for hundreds of billions of dollars of that growth in wealth. This is a larger growth in billionaire wealth than that of the last 14 years combined.

“A new billionaire has been created every 26 hours since the pandemic began,” the report reads. “The world’s 10 richest men have doubled their fortunes, while over 160 million people are projected to have been pushed into poverty.”
The report’s authors wrote that such growing economic inequality is a result of purposeful choices by government officials.
Recent Posts
These Billionaires Have Already Spent $19 Million In A Bid To Defeat Mamdani
August 31, 2025
Take Action Now Michael Bloomberg and anti-DEI pundit Bill Ackman are just two of the many billionaires showering cash on Cuomo.By Mike Ludwig,…
Does The House Have The Grit To ‘Block The Bombs’ To Israel?
August 30, 2025
Take Action Now Lawmakers returning from recess have a chance to do what their constituents are telling them to — stop US complicity in Gaza……
The Moral And Strategic Idiocy Of The DNC
August 29, 2025
Take Action Now At its meeting this week, the DNC opposed a ban on U.S. provision of offensive weapons to Israel.By Harold Meyerson, The American…
From Guernica to Gaza, Mass Killers Have Been Above It All
August 28, 2025
Take Action Now The Detached Cruelty of Air PowerBy Norman Solomon, Tom Dispatch Killing from the sky has long offered the sort of detachment that…