They are also above the combined Gross Domestic Product of all of Latin America and the Caribbean, according to an article by the British news agency BBC.Īt a time when the economy of almost all nations is depressed as a consequence of the health crisis caused by covid-19, when production has not yet begun to reactivate, it is logical to ask where this increase in fortunes comes from. In the last twelve months the values that these subjects accumulate increased by one trillion dollars and today as a whole they possess an unprecedented wealth of 8.4 trillion dollars, according to data provided by the firm Bloomberg.Ĭompared to the size of the current economy of some powers, this select club of the wealthy has almost as many resources as some countries including Japan, Germany or the United Kingdom. It is truly amazing that at a time when we were all doing very poorly, not just for individuals but for countries, some 500 billionaires saw their fortunes grow to unprecedented levels, obscene compared to the widespread increase in poverty. Millions of people around the world would like to erase 2021 from their memory - a year in which lives were lost, families and loved ones continued to be separated and the economy remained in the doldrums, with the exception of a small group of wealthy people.
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