Oxfam: Billionaires thriving as poor suffer in widening Covid-19 divide

A file photo of people taking part in a protest called Make Amazon Pay, at the building where Bezos lives in Manhattan, New York, US. The 10 richest men – a list led by Bezos and Musk which also includes Arnault, Gates and Zuckerberg – saw their net worth increase by US$540bil (RM2.18 trillion) between March and December 2020, Oxfam said. — Reuters

LONDON: Billionaires including Amazon’s Jeff Bezos and Tesla founder Elon Musk have seen their wealth soar during the Covid-19 pandemic while the world’s poor face years of hardship, charity Oxfam said on Jan 25 as it demanded steps to tackle inequality.

Nations have a “shrinking window of opportunity” to build a fair, green recovery, according to “The Inequality Virus” report, published as global leaders tune in for the World Economic Forum’s virtual “Davos Dialogue” meeting.