How Global Catastrophe Has Only Made Billionaires Richer

Trumponomics · Dec 9, 2021 · 30m · transcript

It seems nothing can hurt the world's billionaires, not the worst pandemic in a century or a global recession. On this week's podcast, New York-based reporter Augusta Saraiva shares how the wealthiest only added to their fortunes as Covid-19 killed millions and flattened economies. Indeed, the super-rich accumulated $4.1 trillion just as 100 million of the planet's less fortunate fell into extreme poverty, according to estimates by the World Bank. Two years into the pandemic, some 2,750 billionaires now control 3.5% of the world's wealth -- almost double the holdings of the planet's poorest…