{"id":4962,"date":"2022-05-23T05:18:23","date_gmt":"2022-05-23T05:18:23","guid":{"rendered":"https:\/\/businessner.com\/?p=4962"},"modified":"2022-05-23T05:18:23","modified_gmt":"2022-05-23T05:18:23","slug":"oxfam-says-covid-19-created-a-new-billionaire-every-30-hours-at-what-cost","status":"publish","type":"post","link":"https:\/\/businessner.com\/oxfam-says-covid-19-created-a-new-billionaire-every-30-hours-at-what-cost\/","title":{"rendered":"Oxfam says Covid-19 Created a New Billionaire every 30 Hours. At What Cost?"},"content":{"rendered":"
An Oxfam brief<\/a> released Monday showed that for every new billionaire minted during the Covid-19 pandemic \u2014 one every 30 hours \u2014 over a million people might be driven into extreme poverty in 2022 at approximately the same pace.<\/p>\n “Profiting from Pain” is released in time for the annual World Economic Forum \u2014 the world’s most exclusive gathering of the global elite in Davos as business leaders meet for the first time in person since COVID-19, a period in which billionaires’ wealth has soared.<\/p>\n According to Oxfam, billionaires in the food and energy sectors are boosting their fortunes by $1 billion every two days even as the cost of key items grows faster than it has in decades.<\/p>\n