Top 10 Richest Indians Can Fund School, Higher Education Of Every Child For 25 Years: Study

The 10 richest men in the world have seen their global wealth double to $1.5 trillion since the start of the global pandemic following a surge in share and property prices that has widened the gap between rich and poor, according to a report from Oxfam, The Guardian reported.

Urging governments to impose a one-off 99 per cent wealth tax on Covid-19 windfall gains, the charity said World Bank figures showed 163 million more people had been driven below the poverty line while the super rich were benefiting from the stimulus provided by governments around the world to mitigate the impact of the virus, the report said.

Oxfam projects that by 2030, 3.3 billion people will be living on less than $5.50 per day.

The charity said the incomes of 99 per cent of the world's population had reduced from March 2020 to October 2021, when Elon Musk, the founder of the electric car company Tesla, and the other nine richest billionaires had been collectively growing wealthier by $1.3 billion a day.