Wealth of world's 10 richest men doubled in pandemic, Oxfam says - BBC News

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  • Published on Jan 16, 2022
  • The Covid pandemic has made the world's wealthiest far richer but has led to more people living in poverty, according to the charity Oxfam.
    Their report said lower incomes for the world's poorest contributed to the death of 21,000 people each day.
    But the world's 10 richest men have more than doubled their collective fortunes since March 2020.
    Oxfam's report is based on data from the Forbes Billionaires List and the annual Credit Suisse Global Wealth report, which gives the distribution of global wealth going back to 2000.
    Please subscribe HERE bit.ly/1rbfUog

Comments • 723

  • Sweaty Mr Kim
    Sweaty Mr Kim 4 months ago +115

    I was so poor growing up that my parents were given clothes from Army-Navy stores.
    It wasn't easy going to school aged 14 dressed as a Japanese Admiral.

    • Edward Valivonis
      Edward Valivonis 4 months ago

      Boris Johnson is the main suspect

    • Sweaty Mr Kim
      Sweaty Mr Kim 4 months ago +1

      @Captain Pugwash
      The poor Hamster.

    • Jusuf Agung
      Jusuf Agung 4 months ago +2

      ๐Ÿ˜‚ army supply of the World War 2? That was a historic uniform

    • Edward Valivonis
      Edward Valivonis 4 months ago +1

      ๐Ÿคฃ๐Ÿคฃ๐Ÿคฃ๐Ÿคฃ

  • Greg Sparrow
    Greg Sparrow 4 months ago +100

    Large number of businesses were closed but Amazon warehouses are working non stop...

    • Morgana Katherine Jenna
      Morgana Katherine Jenna 3 months ago

      One word in business , silicon Valley amazon it is what it is he has the East West South North to Pole dance

    • Morgana Katherine Jenna
      Morgana Katherine Jenna 3 months ago

      The competitors of online stores just isn't the same platform computer abilities of amazon that store is like cheaper outlets anything is bought from shelving but more and more people are paying into one concern not spreading to other Internet sites to fair share their working monies

    • Morgana Katherine Jenna
      Morgana Katherine Jenna 3 months ago

      Thats cause everyone orders amazon not local working shops look at Facebook people have reduced there as the squeeze on energy home prices people are having to get out during day off online

  • Nameless Care?
    Nameless Care? 4 months ago +15

    Whatever happens around the world, the richest always increase their wealth, and the poor ones live the worst, face up with more poverty. This cycle never breaks. Always same rotation since the beginning of humankind.

  • Mr. squirrel
    Mr. squirrel 4 months ago +205

    Who else sometimes feels like they are in a game of Monopoly but all the older generations have already been playing for many turns and bought up all the properties and vacuumed in all the money?

  • Valerie
    Valerie 4 months ago +60

    "The comfort of the rich depends upon an abundant supply of the poor."- Voltaire

    • Tracesprite
      Tracesprite 4 months ago

      The Nordic nations are able to look after everyone, gather high taxes and be rich.

    • Gacem
      Gacem 4 months ago +5

      Wise words from a wise man

  • Hugh W
    Hugh W 4 months ago +54

    Inflation rising rapidly, people are struggling further due to the impact of the pandemic yet these ridiculously rich people are getting richer more than ever, shows you how incredibly messed up the world economy is!

    • Rod Wilkins
      Rod Wilkins 4 months ago

      Richard Branson started with fuck all ........

  • devilmyke
    devilmyke 4 months ago +8

    Thats so much money I can't even quantify it in my head.

  • Jorma Jorvinen
    Jorma Jorvinen 4 months ago +17

    This prooves that combining almost zero or below zero interest rates in government bonds and quantitative easing is the ultimate wealth creator for the richest.

    • rich5310
      rich5310 4 months ago

      PISSLOSI , POTATOHEAD AND POWOW I SURE GOT THEIR CUT

    • Jorma Jorvinen
      Jorma Jorvinen 4 months ago

      Higher interest rates actually creates new wealth. Zero interest rate doesnt create anything and below zero interest rates are in reality a wealth tax. Quantitative easing is what turns this whole situation completely upside down and pushes all monetary institutions to channel their money into stocks. But clearly in your great wisdom you already knew this. We are very fortunate to have people like you on this planet.

  • VPPAF
    VPPAF 4 months ago +8

    this was the plan all along anyone with common sense can see it remember the golden rule who has the gold makes the rules ๐Ÿค‘๐Ÿ’ฐ๐Ÿ’ฐ๐Ÿ’ฐ

  • Bittersweet
    Bittersweet 4 months ago +4

    Funny that, I'm sure it has NOTHING at all to do with any decisions that have taken place in the halls of power...

  • savin99
    savin99 4 months ago +8

    Thatโ€™s one of the reasons the โ€œpandemicโ€happened

  • Jobby Oโ€™Moron
    Jobby Oโ€™Moron 4 months ago +7

    Itโ€™s almost like they wanted a pandemic to happenโ€ฆ.

  • Gurpreet Singh
    Gurpreet Singh 4 months ago +5

    Grocery up by 30% and their worth goes up by double
    Wow

  • utubewatchinhesk
    utubewatchinhesk 4 months ago +14

    The system working how it was meant. If all that wealth was being put to something constructive is one big what if. Those people couldn't care if their ways were creating great problems for the future, it's all about profit and that title. Bunch of junk being thrown on the markets at large scale.

  • m
    m 4 months ago +5

    There are great buying opportunities during a major crisis. They took advantage.

  • Muhammed Tk
    Muhammed Tk 4 months ago

    In India food is free. Education is also free. Corruption is the main problem we are facing. Vote bank politics really prevents political parties from preventing corruption.

  • DJBlueX
    DJBlueX 4 months ago +1

    Itโ€™s time to end extreme wealth! We canโ€™t get rid of poverty unless we do!

  • Babalonkie
    Babalonkie 4 months ago

    Need to boost and simplify tax detection policies first, or it would be abused, encouraging more tax havens.
    Once done, introduce a SMALL local GDP based temporary disaster tax only on those who can afford it and then give them recognition for their life saving contributions.

  • Michael Houston
    Michael Houston 4 months ago

    I was forced to live with no money during covid etc and found out only government requires money instead of a percentage to take homes to create homeless good people

  • Jonas ๐Ÿ‡ฉ๐Ÿ‡ช
    Jonas ๐Ÿ‡ฉ๐Ÿ‡ช 4 months ago +21

    *Another* *awesome* *video* โค๏ธโค๏ธ*I* *just* *made* *my* *first* *$20,000* *in* *cryptocurrency* *I'm* *so* *glad* *I'm* *gonna* *have* *a* *successful* *retirement.*

    • Government are liers
      Government are liers 4 months ago

      @Rob Clinton's Thanks for his contact info... I'll get to him right away... wanna go for long term trade ๐Ÿš€๐Ÿš€๐Ÿš€

    • Rob Clinton's
      Rob Clinton's 4 months ago

      ๅ๐Ÿ๐Ÿ–๐Ÿ๐Ÿ๐Ÿ–๐Ÿ๐Ÿ’๐Ÿ•๐ŸŽ๐Ÿ—๐Ÿโ–† โ–‡ โ–† โ–‡ โ–ˆ

    • Ruben Hilton
      Ruben Hilton 4 months ago

      Hello, I've been trading on my own, haven't made a lot.
      Please how do I start trading with Mr Felix Hartmann?

  • MARIA- ๐Ÿ”ฅ๐†๐จ ๐“๐จ ๐Œ๐ฒ ๐‚๐ก๐š๐ง๐ง๐ž๐ฅ [๐‹!๐ฏ๐ž]

    This prooves that combining almost zero or below zero interest rates in government bonds and quantitative easing is the ultimate wealth creator for the richest.

  • NATALI- ๐Ÿฅ‚T[A]P Me!! to Have [๐’]๐„๐— With ๐Œ๐ž

    He who benefits the most is always the first suspect in a crime.

  • Fizon Idea
    Fizon Idea 4 months ago +6

    He who benefits the most is always the first suspect in a crime.

  • azuris221
    azuris221 4 months ago +4

    Turning pandemic into bankdemic

  • Sekake Molapo
    Sekake Molapo 4 months ago +3

    It's 2007-08 again... Once again the poorest people will be left holding the bag. We learned absolutely nothing

  • Robert Strong
    Robert Strong 4 months ago +2

    Makes you wonder if they planned all this ๐Ÿค”

  • Ryan Craig
    Ryan Craig 4 months ago +13

    Unconscionable that this world tolerates such nonsense this day in age.
    These people should be in prison.

    • Tom Nook
      Tom Nook 4 months ago +1

      HAHAHA utter delusion. Imagine making products and services that are used by billions, then told you have to go to prison for it!

    • Dan Bell
      Dan Bell 4 months ago

      Why prison... if it was anyone of us on here, we wouldn't be grumbling at the size of our account thats for sure lol

  • Ivar Hagen
    Ivar Hagen 4 months ago +6

    I wish Soylent Green was made of billionaires. We'd solve world hunger without any moral complications.

  • Jagung
    Jagung 4 months ago +2

    It's not the fault of billionaires. They are just better at taking opportunities in a crisis while others whine.

  • b.visconti
    b.visconti 4 months ago +18

    It's always been said "the rich gets richer and the poor get poorer"..wonder if that's true?

  • Ar co
    Ar co 4 months ago +12

    True face of capitalism!

  • Morgana Katherine Jenna

    This is unfair on many others one market area they should pay to help others as they have accumulated gains of wealth in billionaire wealth

  • Adam Walsh
    Adam Walsh 4 months ago

    Itโ€™s always the poor and working class that have to pay the price and half their salary in taxes!!

  • ROSE-๐น**ะกะš ะœะ• - ะกะะ•๐’ž๐’ฆ ๐‘€๐’ด ะ ๐‘…๐Ÿข๐น๐ผ๐ฟะ•

    Unconscionable that this world tolerates such nonsense this day in age.
    These people should be in prison.

  • Max D30
    Max D30 4 months ago +6

    Those who have will have more ...
    Those who need will need more ..
    Capitalism

    • MrTheevilmage
      MrTheevilmage 4 months ago

      @Mr Right funny cause I live in a capitalist country and we are running out of food...wow times really have changed

  • Sharon-๐Ÿ”ž๐”ฝ**ะกะš ะœะ• - ะกะะ•โ„‚๐•‚ ๐•„๐• ะ โ„๐Ÿ˜๐”ฝ๐•€๐•ƒะ•๐Ÿ’›

    Inflation rising rapidly, people are struggling further due to the impact of the pandemic yet these ridiculously rich people are getting richer more than ever, shows you how incredibly messed up the world economy is!

  • Useful Spanish
    Useful Spanish 4 months ago

    will be nice also to know how many politicians increase their wealth as well, though those rich business people at least provide a service, you can choose to make use or not!

  • Soumen Chakraborty
    Soumen Chakraborty 4 months ago

    First of all these rich people must be taxed, though it is going to solve all the problems but surely it will ease a little...

  • Charlotte Marceau
    Charlotte Marceau 4 months ago

    Systems working as intended then. This isn't news, we know its happening, we just have no power to stop it.

  • Dardania Lion
    Dardania Lion 4 months ago +1

    Wish I had a million.

  • Juana ๐“•**ะกะš ะœะ• - ะกะะ•๐“’๐“š ๐“œ๐“จ ะ ๐“ก0๐“•๐“˜๐“›ะ•

    Large number of businesses were closed but Amazon warehouses are working non stop...

  • Loki Beckons
    Loki Beckons 4 months ago +1

    probably about time for a global basic income then yeah? an international organisation on the level of the UN to redistribute some of this stupid asset appreciation in the level of trillions to the people around the planet who need it. some people really need the money, and people like the billionaires in this video have it.
    easy.
    let's get together and tell them really really nicely that they need to share.

  • Heart Of Darkness
    Heart Of Darkness 3 months ago

    This cannot end well.

  • Daryl Baines
    Daryl Baines 4 months ago +2

    Many ministers were fond of comparing the pandemic to a national crisis similar to that which the country experienced during WW2. The language of "on the front line", etc. During that period, what these men have done would have been known as profiteering.

  • Douglas Ross
    Douglas Ross 4 months ago

    I have eye watering levels of frustration listening to this Oxfam spokesperson.

  • banksiasong
    banksiasong 4 months ago +21

    Repulsive.

  • Hugh W
    Hugh W 4 months ago +2

    The rich get richer and the poor get poorer

  • Kev T
    Kev T 4 months ago +1

    And yet, people keep using Amazon. ๐Ÿคฆโ€โ™‚๏ธ

  • I'mjasonstathamscousin!!
    I'mjasonstathamscousin!! 4 months ago +1

    Profiteering from death,makes me sick!! Line em up!!!!!!and we'll all share their billions!!!!!!

  • Sara xDouglas
    Sara xDouglas 4 months ago +1

    This is somehow a surprise to y'all ?โค๏ธโ˜ฎ๏ธ๐Ÿ™๐Ÿ‡บ๐Ÿ‡ธ

  • Yashkiran Chahal
    Yashkiran Chahal 4 months ago +5

    Not against capitalism.. But against Monopoly โ˜บ๏ธ

    • Sir Chris Witless, jesuit puppet
      Sir Chris Witless, jesuit puppet 4 months ago

      @Xirion Prime Exactly!

    • Xirion Prime
      Xirion Prime 4 months ago +2

      They both directly linked. Capitalism demands that there be a winner, the winner holds the monopoly. How do you not know this?

  • stoufer2000
    stoufer2000 4 months ago +8

    It's actually hilarious that this channel helped the people who are going to shut them down after 100 years into power..

  • Rafiq Teli
    Rafiq Teli 4 months ago +4

    Now it is the right time to introduce wealth tax.

  • Antonio Ribeiro
    Antonio Ribeiro 4 months ago

    Don't underestimate that graveness of the matter Danny Sriskandarajah is bringing forward

  • Firewood
    Firewood 4 months ago

    Richest woman? Food banks?
    God save the Queen

  • Elvie
    Elvie 4 months ago

    I just watched a bbc news production about how the working poor in HK live in coffin like boxes, where they can only sleep

  • LU Flycat
    LU Flycat 4 months ago

    What a shame!

  • Justin Mishler
    Justin Mishler 4 months ago +1

    Does everyone understand how this worked now

  • Luminous Fractal
    Luminous Fractal 4 months ago

    It went up 9x in 2hours in the last financial crash. Bigger story.

  • sunny rowe
    sunny rowe 4 months ago

    The sad thing is that was a given! With so many things going under they are just sitting back and cleaning up !

  • Abhijith Sekhar
    Abhijith Sekhar 4 months ago +3

    Central Bank : Just edit the monetary database..

  • My Paranormal Home Videos
    My Paranormal Home Videos 4 months ago +1

    But not even $1 can be carried into the next world.

  • Ve
    Ve 4 months ago

    The poor (upto middle class) should just stop working from tomorrow...

  • Mark Greene
    Mark Greene 4 months ago

    This is ridiculously obscene.. What a wonderful world huh??? I just had to quit my construction job of 40 years due to debilitating sciatica and I can't even get my benefits from my state of California. for my health condition...

  • Natty 27
    Natty 27 4 months ago

    The 800k people died, plus 5m worldwide. ๐Ÿ˜

  • youneverknow34
    youneverknow34 4 months ago

    All of this profit should go to ppl affected by covid . Im sure they will share it ...

  • Peanut Butter
    Peanut Butter 4 months ago +6

    And I pay for boat people to live in luxury hotels whilst me and my own loved ones decide whether we can afford to stick the heating on for an hour or two. Talk about that.

    • Praise The Sun
      Praise The Sun 4 months ago

      The state can only punish you after the fact. If you go extract your justified revenge on those boat people.

  • Dappa 999
    Dappa 999 4 months ago +1

    This is everything thatโ€™s wrong with this worldโ€ฆ right hereโ€ฆ

  • Jim Munro
    Jim Munro 4 months ago

    Wars and Pandemic's always make rich even richer make me Sick

  • Mister Sir
    Mister Sir 4 months ago +2

    More specifically their company's stock.

  • RichDaP
    RichDaP 4 months ago +1

    1.3 billion a day! and they already dont pay taxes lol

  • gracjan kujawa
    gracjan kujawa 4 months ago

    They got what they worked for

  • Public Public
    Public Public 4 months ago +1

    Austerity?????
    Rich people are a luxury WE can no longer afford.

  • Waleed Higgins
    Waleed Higgins 4 months ago

    Criminal greed. How much is enough?

  • Jacob Baumgardner
    Jacob Baumgardner 4 months ago

    This is a problem, and one that raising taxes does not fix. Stocks aren't taxed. That money goes to the government, not us.

  • Andrew Jones Productions
    Andrew Jones Productions 4 months ago +2

    Even if they were taxed, it does not mean that the money would be used for public services. Whatever happened to the 350m promised on the infamous Brexit bus? Taxing the rich would only ensure that the money would be collected into the coffers of those countries of where they are resident or a citizen. Those that are wealthy and philanthropically distribute the wealth to locations around the world that really need it would likely lose out in some cases.

    • caretaker cat
      caretaker cat 4 months ago

      They will found a way to take them back

  • Derrick Mehlet
    Derrick Mehlet 4 months ago +5

    The crypto market has been favourable in the past weeks, I keep missing out on this opportunity, I'm most certainly very impatient how can I ever make a profit in the crypto market.

    • V01DIORE
      V01DIORE 4 months ago

      *Cue crypto scam*

    • Vincent David
      Vincent David 4 months ago

      More BTC gains guys both in the coming rise and trading!!

    • Ryan 100
      Ryan 100 4 months ago

      Iโ€™m definitely giving him a try๐Ÿ’ฏ

    • Henry John
      Henry John 4 months ago

      Info on whatโ€™sโ€ฆ. APK๐Ÿ‘†๐Ÿ‘†

    • Henry John
      Henry John 4 months ago

      ๅ๐Ÿ„‚๐Ÿ„Š๐Ÿ„ƒ๐Ÿ„†๐Ÿ„†๐Ÿ„‰๐Ÿ„ˆ๐Ÿ„‡๐Ÿ„ˆ๐Ÿ„ƒ๐Ÿ„‚ ๐Ÿ‡ฑ๐Ÿ‡ท๐Ÿ‡บ๐Ÿ‡ฒ๐Ÿ˜Š๐Ÿ˜Š๐Ÿ˜Š๐Ÿ˜Š

  • Andy J
    Andy J 4 months ago +4

    That's a good sign. Imagine if it halved. That would not be good for anyone

  • Key
    Key 4 months ago +1

    โค"literally 99% *wont see this* But, Who *ever sees this have a good day* and stay safe"

    • Niall McGowan
      Niall McGowan 4 months ago +1

      Thanks Iโ€™m not giving you a like tho

  • Mike Wallace
    Mike Wallace 4 months ago

    I LOVE THIS WORLD!!!!!!! Amazing job rich guys!

  • Luminous Fractal
    Luminous Fractal 4 months ago +4

    Wealth and earnings caps. What they don't need should be funnelled to those in need. They don't work any harder.

  • Abel1120 conlget
    Abel1120 conlget 4 months ago

    i grew up poor.. i was forced to shop at the GAP

  • Red Knott
    Red Knott 4 months ago

    If he made more money whyโ€™s Amazon stock down year to date??

  • Gadavillers Panoir
    Gadavillers Panoir 4 months ago

    Congratulations Bez!!!

  • MSM are trash
    MSM are trash 4 months ago

    What
    A
    Shock

  • aindriu bradley marshall
    aindriu bradley marshall 4 months ago +2

    Well that was the idea I think ! Destroy the small people etc ............................

  • Sir Chris Witless, jesuit puppet

    As was always part of the plan!

  • VPPAF
    VPPAF 4 months ago

    the bbc talking about poverty when they claim government subsidies and get peoples money for a licence fee then have a separate business selling the popular bbc programs worldwide and keeping mass profits in a side company and not putting that money back to lower the licence fee

  • Jennyjenny
    Jennyjenny  4 months ago +2

    Sharing is caring!

    • Niall McGowan
      Niall McGowan 4 months ago +1

      If itโ€™s their money itโ€™s not peopleโ€™s right to ask for money they worked hard for it or came up with a good idea and got rich and poor people couldnโ€™t or havenโ€™t yet done that itโ€™s rude to ask just because they got a lot

  • Shan Jarral
    Shan Jarral 4 months ago +2

    This news I heard a week ago on Twitter.

  • rxstar66
    rxstar66 4 months ago

    Usa: we already have 23 trilion debt
    Also USA banks: print more.
    Printer guy keyboard : 9999999999999999999
    Printer : are you sure you want to print 9999999999999999999
    Printer guy : who hoooo more plastic for idiots that eventually will come back to the rich stockpiling it and more needed to be printed and the circle never ends.
    Capitalism for the rich to get richer without a purpose.

  • ะผะพั€ะพะท ัะบะฐะทะบะฐ

    ะšัƒะดะฐ ะทะฐะฑั€ะฐั‚ัŒ ั‚ั€ะธะปะปะธะพะฝั‹ ะฝะฐ ะผะพะณะธะปัƒ ะธะปะธ ะบัƒะดะฐ ะบะฐะบ ะถะธั‚ัŒ ั ั‚ะฐะบะธะผ ะดะตั€ะผะพะผ ะฑั‹ั‚ัŒ ะ›ัŽะดะพะตะดะพะผ ะบะพะณะดะฐ ะฑะธะปะปะธะพะฝั‹ ัƒะผะธั€ะฐัŽั‚ ะพั‚ ะณะพะปะพะดะฐ ๐Ÿ˜Ž

  • Oscar Knight
    Oscar Knight 4 months ago

    How are people not putting it all together yet..?

  • Paul Wild
    Paul Wild 3 months ago

    The richest thieves are drowning in cash. Drowning in ego too ...

  • Pickles
    Pickles 4 months ago

    Their time will come...