If the agony of 2020 had demonstrated anything it was how the rich could not only prosper but profiteer off everyone else’s suffering. By the end of the year, the collective wealth of billionaires worldwide had increased by $3.9 trillion, even as their philanthropic contributions fell1 to their lowest level in nearly a decade. Over the same year, as many as 500 million people descended into poverty, with their recovery likely to take a decade or more.
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Franck Marchis
