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Global wealth gap worsened by Covid pandemic

Billionaires' wealth increased by trillions of dollars in 2020.
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Billionaires' wealth increased by trillions of dollars in 2020.

(KYMA, KECY/ CNN) - The World Inequality Lab published a report that says global billionaires last year saw the biggest jump in wealth since 1995, when the group started keeping track.

Billionaires' net worth grew by more than $3.6 trillion in 2020. At the same time however, the world bank says the pandemic pushed about 100 million people into extreme poverty.

Researchers say even more people would have fallen into poverty had many developed nations not put relief efforts in place.

CNN

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Cole Johnson

Cole grew up in a small town of just over 3,000 people called Moravia, NY—home of President Millard Fillmore and Fillmore Glen State Park.

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