The share of wealth owned by the world’s richest people soared during the Covid pandemic, a major study on inequality has found.
The World Inequality Report said that 2020 saw the steepest increase in billionaires’ wealth on record.
Meanwhile, 100 million people sank into extreme poverty, the report from the Paris-based World Inequality Lab said.
The richest 10% of the population now takes 52% of global income and the poorest half just 8%, it said.
