There were 573 more billionaires in the world by March 2022 than in 2020, Oxfam said, estimating that 263 million could be pushed into extreme poverty in 2022.
"Meanwhile, decades of progress on extreme poverty are now in reverse and millions of people are facing impossible rises in the cost of simply staying alive," Bucher added.Honing in on soaring wealth in specific business sectors, Oxfam said the fortunes of food and energy billionaires rose by $453 billion in the last two years, equating to $1 billion every two days.
Meanwhile, Oxfam said the pandemic created 40 new billionaires in the pharmaceuticals sector. The billionaires are those who profited from their companies' monopolies over vaccines, treatments, tests and personal protective equipment.
France Dernières Nouvelles, France Actualités
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