How billionaires profited from the pandemic

The Covid-19 crisis has led to the fastest rise in billionaire wealth on record, according to Oxfam. While 99% of humanity is worse off because of the pandemic, the richest 1% are better off, and the ten richest men in the world doubled their wealth.

As economies went into crisis mode, Oxfam explains, governments quickly authorised stimulus packages. Altogether, these were worth $16 trillion across the world, most of that going into financial markets. Since billionaire wealth rests on shares...