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According to Oxfam, a UK-based charity, the world’s ten wealthiest men have had their fortunes more than double in the first two years of the Covid-19 pandemic, going from USD700 billion to USD1.5 trillion.

According to Oxfam, which produced a report titled Inequality Kills, the incomes of 99 percent of the world’s population have fallen over the same period, and over 160 million people have fallen into poverty.

“These ten guys are now six times wealthier than the poorest 3.1 billion people,” said Gabriela Bucher, the charity’s executive director, adding, “They would still be richer than 99 percent of all individuals on this globe if they lost 99.999 percent of their money tomorrow.”

According to Oxfam, one person dies every four seconds, or at least 21,000 people per day, as a result of inequality.

“This is a modest estimate based on global mortality from lack of access to healthcare, gender-based violence, famine, and climate disruption,” according to the statement.

The epidemic, according to the paper, has pushed gender parity back from 99 to 135 years.

“In 2020, women will have lost $800 billion in wages, with 13 million fewer women working than in 2019.” “All 1 billion women and girls in Africa, Latin America, and the Caribbean together have more money than 252 men,” it stated.

The organization also noted that during the pandemic, disparities between ethnic minorities grew, with those of Bangladeshi ancestry five times more likely to die of Covid-19 than the White British population during the second wave of the pandemic in England.

“In Brazil, black people are 1.5 times more likely than white people to die from COVID-19. “If Black Americans had the same life expectancy as White Americans, 3.4 million more would be alive today – this is obviously linked to past racism and colonialism,” it continued.

“Inequality at such a rate and scale is happening by decision, not happenstance,” Bucher added in the statement.

“Not only have our economic arrangements made us all less protected from this pandemic,” she continued, “but they are actively enabling those who are already extraordinarily wealthy and powerful to profit from this disaster.”

Elon Musk, Jeff Bezos, Bernard Arnault and family, Bill Gates, Larry Ellison, Larry Page, Sergey Brin, Mark Zuckerberg, Steve Ballmer, and Warren Buffet are the world’s richest people, according to Forbes estimates as of Nov. 30, 2021, quoted by the charity.

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