Pandemic creates new billionaire every 30 hours: Oxfam at Davos
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As the rich and powerful from across the globe gather here for the World Economic Forum Annual Meeting 2022, Oxfam International on Monday said the COVID-19 pandemic has seen one new billionaire emerging every 30 hours, while nearly one million people could be pushed into extreme poverty every 33 hours this year. The report showed that 573 people became new billionaires during the pandemic, at the rate of one every 30 hours.