Covid-19: the crisis deepens inequalities in the world

Covid-19: the crisis deepens inequalities in the world

The epidemic of Covid-19 will push 150 million people around the world into extreme poverty. And according to a study, billionaires got richer. Journalist Jean-Paul Chapel takes stock of the situation on the set of 20 hours.

Covid-19: the crisis deepens inequalities in the world

The concentration of wealth has never been higher since Rockefeller in the early 20th century. According to the count of the UBS bank, there are now 2,189 billionaires in the world. This is 131 more since the start of the epidemic. And their cumulative fortunes reach 8,800 billion euros: it is more than three times the national wealth of France, a spectacular increase of 27%“, Explains journalist Jean-Paul Chapel live from the set of 20 hours.

“The fortune of these billionaires is generally invested in Bourse

How can the increase be explained? The fortune of these billionaires is generally invested in the stock market. So admittedly, it fell in March, but the ultra-rich took the opportunity to buy back shares at that time. And these stocks have since rebounded, especially technology stocks. Result, in this sector, they saw their capital increase by 41%“, Continues the journalist.