PARIS, Dec 7 — The share of global wealth of the world’s richest people soared at a record pace during the Covid pandemic, a report on inequality showed today.
“This increase was exacerbated during the Covid pandemic. In fact, 2020 marked the steepest increase in global billionaires’ share of wealth on record,” the document said. “After more than 18 months of Covid-19, the world is even more polarised,” Lucas Chancel, co-director of the World Inequality Lab at the Paris School of Economics, told AFP.
Only one of the men is not American — LVMH luxury group chief Bernard Arnault — and all but two are tech industry leaders whose fortunes have been turbocharged by soaring company share prices.
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