'The Forbes rich list shows us that we are living in a tale of two pandemics where billionaire wealth is still booming, while most of humanity is going bust,' said jenny_ricks of FightInequality.
for a global wealth tax on the members of their relatively tiny class—said that"while most people around the globe have struggled to adapt [to] and survive the pandemic, many having lost their jobs [and] plunged deeper into poverty, those on the"It is an affront to humanity, an insult to the claim that we are all in this together, and a slap in the face to those of us who believe that we share this planet and its resources equally," Shalchi continued.
The sanctions imposed on Russia in response to the war have hit the nation's stock market and currency hard. As a result, Russian oligarchs experienced a combined loss of more than $260 billion over the past year, with 83 of them retaining billionaire status and 34 losing it. "While the super-rich can choose their latest yacht or space holiday, the inequality virus has laid bare a broken system."
Elsewhere in the world, 295 other ex-billionaires dropped off the list and 30 died, while there were 236 newcomers. Although this year's decline in the total number of billionaires was the largest since 2009, in the wake of the global financial crisis, it comes after more than 600 billionaires joined the list in 2021 as stock markets surged back from lows that followed the onset of the coronavirus pandemic.
Despite volatility in recent months, 1,050 billionaires are wealthier now than they were a year ago. Elon Musk accumulated more than anyone, adding $68 billion to his fortune since last year thanks to a 33% jump in Tesla's share price—making him the world's richest person for the first time ever with an estimated net worth of $219 billion. After a four-year reign at the top of the list, Amazon founder Jeff Bezos now sits in the number two spot with $171 billion to his name.
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