Person Counts What Could Be Done With Billionaires’ Money And It Gives You A Perspective On The Economy - Its Magazine

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Friday 9 April 2021

Person Counts What Could Be Done With Billionaires’ Money And It Gives You A Perspective On The Economy

Forbes reported that despite the pandemic, it was a record-setting year for the world’s wealthiest—with a $5 trillion surge in wealth and an unprecedented number of new billionaires. The number of billionaires on its 35th annual list of the world’s wealthiest exploded to 2,755—660 more than a year ago. Altogether they are worth $13.1 trillion, up from $8 trillion on the 2020 list. And that really saddened Jane Chung.

A few days ago, Chung published a Twitter thread, taking stabs at the individuals featured in the World’s Billionaires List as well as society which allows the rich get richer and makes the poor even poorer. And she has a point. Extreme poverty rates are on the rise for the first time in 20 years. Continue scrolling and read what Chung had to say about this.

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Image credits: Jane24477

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