The world’s wealthiest 1% took 38% of all additional wealth accumulated since the mid-1990s. The bottom 50% accumulated just 2% of it.
Billionaires like Tesla’s TSLA, +4.24% Elon Musk and Amazon’s AMZN, +2.80% Jeff Bezos saw their share of global wealth spike during the COVID-19 pandemic.
“2020 marked the steepest increase in global billionaires’ share of wealth on record,” the report adds. The report details income and wealth inequalities within economic groups and by gender, but it didn’t group people by race or other classifications.Female workers have seen their share of global earnings increase over the past 30 years, but the progress has been slow. Today, women make up about 35% of total global earnings, compared with 30% in 1990.
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