Wednesday, January 19, 2022
name of Prensa Latina
Bandera inglesa
English Edition
name of Prensa Latina

NEWS

NEWS

Pandemic boosts super-rich share of global wealth

Pandemic boosts super-rich share of global wealth

Washington, Jan 4 (Prensa Latina) In spite of the economic crisis fueled by the Covid-19 pandemic, the world´s richest people collectively earned trillion in 2021, according to local press.
Share on facebook
Share on twitter
Share on whatsapp
Share on telegram
Share on email

The 0,001% astronomical gains of the world’s population underscored the vastness of the wealth gap among workers, executives and shareholders, the reports warned.

For instance, Elon Musk, South African-born Canadian and US entrepreneur considered as the world´s richest person, earned nearly $118 billion in 2021, the Bloomberg Billionaires Index reported.

While the United Nations (UN) estimated that 150 million people fell into poverty in 2021, a select group of billionaires amassed wealth so hard to calculate.

Appreciation of other assets such as cryptocurrencies, commodities and real estate also soared, further bolstering the super-rich´s coffers.

Bloomberg added that the combined net worth of the 500 people included in its billionaire index now exceeds $8.4 trillion, more than the Gross Domestic Product (GDP) of any nations except the United States and China.

Throughout the year, US lawmakers’ proposals on the so-called Billionaires´ Tax were unsurprisingly ridiculed by super-millionaires like Elon Musk.

Tesla’s CEO, who recently paid little or no income tax and whose car business was built in part on government aid, was especially opposed to the Billionaires Tax that would serve to fund the safety net in the United States.

Since the beginning of the pandemic, billionaires here have seen their collective wealth skyrocketing over 70% to exceed $ 5 trillion, according to a report by Americans for Tax Fairness and the Institute for Policy Studies Program on Inequality.

mh/pll/acl/dfm

RELATED
ÚLTIMO MINUTO
name of Prensa Latina

| Text SMS to 8100 with content PL
Receive 4 mesages x 25 cup

© 2016-2021 Prensa Latina
Latin American News Agency

Radio – Publications  – Videos – News by the minute.
All Rigts Reserved.

St. E No 454 , Vedado,  Habana, Cuba.
Phones: (+53) 7 838 3496, (+53) 7 838 3497, (+53) 7 838 3498, (+53) 7 838 3499
Prensa Latina © 2021 .

Web Site developed by IT Division  Prensa Latina.