Billionaire Wealth Soars as World Faces Crises
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The world's 5 richest men (Musk, Bezos, Ellison, Buffett, Arnault) more than doubled their collective wealth from $405B in 2020 to $869B now.
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Their net worth has been rising by $14M per hour through the pandemic.
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Yet many people worldwide face cost-of-living crises, climate change, conflict, and are still recovering from the pandemic.
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The richest 1% now own 43% of the world's financial assets.
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Oxfam predicts the world's first trillionaire within a decade, as the system enables the rich to get richer while others struggle.