Ireland’s billionaires’ fortunes increase by €3.28bn during pandemic – BreakingNews.ie

The 1,000 richest people on the planet recouped their Covid-19 losses within just nine months, while it could take more than a decade for the world’s poorest to recover from the economic impacts of the pandemic, a new report from Oxfam revealed today.

Mirroring this global inequality trend, Ireland’s own nine billionaires saw their fortunes increase by €3.28 billion since March — a tenth of which would pay for a Covid-19 vaccine for every person in the Republic of Ireland.

Meanwhile, essential workers – such as our carers and supermarket and factory workers — cared for our vulnerable and kept our food supplies running throughout the pandemic — quite often on minimum or low-paid wages.

Inequality Virus report

Oxfam’s The Inequality Virus report, published to coincide with the opening day of the World Economic Forum’s ‘Davos Agenda’, highlights how Covid-19 has the potential to increase economic inequality in almost every country

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