Oxfam Report: Billionaire Fortunes Double Amidst Global Pandemic

A recent report from Oxfam, highlighted on the Undergraduate Laws Blog, unveils a startling increase in wealth inequality. Since 2020, the wealth of the world’s five richest men has more than doubled from $405 billion to $869 billion, while the poorest 60% of the global population, nearly 5 billion people, have seen their wealth decline. This sharp rise in billionaire wealth, set against the backdrop of a global pandemic that restricted individual freedoms, underscores deepening economic disparities.