A significant study has found that the share of wealth owned by the world’s super-rich soared during the coronavirus pandemic, while 100 million people sank into extreme poverty.
According to the World Inequality Report, released on Tuesday, the top 1% took 38% of all additional wealth accumulated.
Since the mid-1990s, the bottom 50% captured just 2% of it.
It also said that the world’s 2,755 billionaires collectively own 3.5% of global household wealth this year, up from slightly above 2% at the start of the pandemic in early 2020.
A significant study has found that the share of wealth owned by the world’s super-rich soared during the coronavirus pandemic, while 100 million people sank into extreme poverty.
According to the World Inequality Report, released on Tuesday, the top 1% took 38% of all additional wealth accumulated since the mid-1990s, whereas the bottom 50% captured just 2% of it.
It also said that the world’s 2,755 billionaires collectively own 3.5% of global household wealth this year, up from slightly above 2% at the start of the pandemic in early 2020.
