The world’s richest man Elon Musk; 30 billionaires an hour where created during the pandemic, says Oxfam. Photo: AFP
The world’s richest man Elon Musk; 30 billionaires an hour where created during the pandemic, says Oxfam. Photo: AFP

Coronavirus: New billionaire every 30 hours during ‘bonanza’ pandemic; millions crash into poverty, Oxfam says

  • Analysis by the anti-poverty group revealed 573 people reached the 10-figure financial status during the global health crisis, which was ‘a bonanza for them’
  • The organisation also noted that this year it expects ‘263 million more people will crash into extreme poverty, at a rate of a million people every 33 hours’

The world’s richest man Elon Musk; 30 billionaires an hour where created during the pandemic, says Oxfam. Photo: AFP
The world’s richest man Elon Musk; 30 billionaires an hour where created during the pandemic, says Oxfam. Photo: AFP
READ FULL ARTICLE