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The world’s 1,000 richest people have already bounced back from COVID-19 wealth losses, but it could take more than a decade for the poorest to recover, Oxfam warns

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It took nine months for the top 1,000 billionaires in the world to bounce back from financial losses triggered by the pandemic — but billions of people will remain in poverty for more than a decade, according to a new Oxfam survey released on Monday.

The study, called “The Inequality Virus,” said that the combined wealth of billionaires increased by $3.9 trillion between 18 March and 31 December 2020, driven by a booming stock market and government support, the study said.

It took names from the real-time Forbes’ 2020 Billionaire List, which lists Amazon’s CEO details ⇒

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