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Report: World’s 10 richest men have earned money enough to vaccinate everyone during the pandemic alone

Worlds 10 Richest Men

Report: World’s 10 richest men have earned money enough to vaccinate everyone during the pandemic alone. Oxfam according to Wikipedia: is a confederation of 20 independent charitable organizations focusing on the alleviation of global poverty, founded in 1942 and led by Oxfam International. It is a major nonprofit group with an extensive collection of operations.

According to Oxfam, the world’s 10 richest men in the last year have made enough cash to vaccinate the entire world against COVID-19. IOL News reports. According to Oxfam researchers, billionaires like Elon Musk, Jeff Bezos, Bill Gates, etc earned a combines $540 Billion in one year:

The 10 richest men, a list led by Bezos and Musk which also includes LVMH luxury group’s CEO Bernard Arnault, Microsoft’s Bill Gates and Facebook CEO Mark Zuckerberg saw their net worth increase by $540 billion in the same period.

That sum would be enough to prevent anyone from falling into poverty as a result of the pandemic and pay for a vaccine for everyone on earth, researchers calculated. The pandemic marks a “pivotal” point which has exposed economic disparities and built support for “transformative” policies.

Oxfarm also said a temporary tax on excess profit made some corporations globally could have raised billions of dollars last year: A temporary tax on excess profits made by the 32 global corporations that have profited the most during the pandemic could have raised $104 billion in 2020

Meanwhile. rich countries are reportedly ordering the COVID-19 vaccine in droves while poor countries are relying on vaccine schemes and some of them on donations to vaccinate their populations.

Source – Pindula News

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