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December 8, 2021

Billionaires' Wealth Skyrocketed During Pandemic, as 100 Million People Pushed Into Extreme Poverty
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In financial news, the World Inequality Lab found the world's
billionaires saw their net worth grow exponentially during the pandemic,
by more than $3.6 trillion in 2020 alone, while 100 million more people
were pushed into extreme poverty. The report also found that, since
1995, the world's richest 1% claimed 38% of all new wealth, as the
poorest half of the global population, benefited from just 2%.


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