5 people became 114% richer as 5 billion people became poorer

[theking]

The wealth of the world’s five richest men more than doubled since 2020

Since 2020, these billionaires’ net worth has skyrocketed 114% to a total of $869 billion, after taking inflation into account, according to Oxfam’s annual inequality report, released Sunday. If current trends continue, the world could see its first trillionaire in a decade.

At the same time, nearly 5 billion people globally have become poorer, as they contend with inflation, war and the climate crisis. It would take nearly 230 years to eliminate poverty based on the current trajectory

[Hung_Low]

Wait... Climate change make people poorer?
Last I heard, Climate change was racist...