The world’s 1,000 richest people have already bounced back from COVID-19 wealth losses, but it could take more than a decade for the poorest to recover, Oxfam warns

The world’s 1,000 richest people have already bounced back from COVID-19 wealth losses, but it could take more than a decade for the poorest to recover, Oxfam warns

Jeff Bezos, Bill Gates and Elon Musk are some of the wealthiest men in the world.







Susan Walsh/AP; Joshua Roberts/Reuters; Axel Schmidt/Getty Images













The 1,000 richest people on Earth have already recovered from coronavirus-related wealth losses, an Oxfam study revealed.

Meanwhile, it could take more than a decade for those in poverty to recover, the charity said.

The top 10 billionaires, including Jeff Bezos, have enough money combined to pay for a COVID-19 vaccine for everyone in the world, it said.

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It took nine months for the top 1,000 billionaires in the world to bounce back from financial losses triggered by the pandemic “” but billions of people will remain in poverty for more than a decade, according to a new Oxfam survey released on Monday.

The study, called "The Inequality Virus," said that the combined wealth of billionaires increased by $3.9 trillion between 18 March and 31 December 2020, driven by a booming stock market and government support, the study said.

It took names from the real-time Forbes' 2020 Billionaire List, which lists Amazon's CEO Jeff Bezos, Tesla and