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A new report from Oxfam found that the world’s billionaires didn’t just recoup losses from the coronavirus: Their collective wealth increase could pay for the entire world’s vaccinations and prevent anyone from falling into poverty.

“The increase in the wealth of the 10 richest billionaires since the crisis began is more than enough to prevent anyone on Earth from falling into poverty because of the virus and to pay for a COVID-19 vaccine for all,” the report said.

Worldwide, billionaires saw their wealth increase by $3.9 trillion between March 18 and December 31, 2020. While billionaires details ⇒

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