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Fact Check Team: Wealth of world’s 10 richest people doubled during pandemic | KTUL

By Thomas A. Smith

WASHINGTON (TND) According to a new report, the rich are indeed getting richer.

Data from Oxfam International s Inequality Kills report shows the world s wealthiest people more than doubled their fortunes during the pandemic. It also shows a new billionaire has been created every 26 hours since the pandemic started.

Oxfam is an organization that fights inequality to end poverty and injustice.

The report says during the first two years of the pandemic, the world s 10 richest men deepened their pockets from $700 billion to $1.5 trillion. That s a rate of $1.3 billion per day.

via ktul.com