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Covid-19 Impacts: Rich Become Richer, Poor Getting Poorer

According to Oxfam, when millions lost their jobs, the 1000 richest people managed to gain profit in the early days of the pandemic.

Kuala Lumpur: Despite the Covid-19 pandemic and widespread layoffs across sectors, the world’s richest people have collectively gained half a trillion dollars. The ten richest people on the planet, including Jeff Bezos, Elon Musk and Bill Gates, can even vaccinate the entire world with their 2020’s profit.

While the poor will take years to recover, the wealthiest have gained profit within ten months of the virus.

Here are some of the wealthiest people across the globe who beat the pandemic-induced slowdown to become richer:

Business magnate Elon Musk, CEO of Tesla and several countries has gained a profit of 129 billion dollar.

While the founder and CEO of Facebook, Mark Zuckerberg has grown his wealth by 45 billion dollar.

CEO of LVMH, Bernard Arnault earned 67 billion dollar extra income to his fortune during the Covid-19 times.

Bill Gates, added 22 billion dollars to his profit. However, his foundation has donated for the Covid-19 vaccine research.

Founder, CEO, and president of the multinational technology company Amazon, Jeff Bezos, fortune grew by 78 billion dollars.

According to Oxfam, when millions lost their jobs, the 1000 richest people managed to gain profit in the early days of the pandemic.

Last Updated on January 25, 2021 7:30 pm by Anita Santosh

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