How greedy do you have to be
To become a billionaire in times like these?
Photo credit: Forbes
There is a report that OXFAM released a few months back titled, “Profiting from Pain”.
If you are very sensitive to information about inequality, I advise you take a moment to breathe in and out.
That is because the things we are going to highlight here are written about, in depth in that report!
Photo credit: Oxfam in Nigeria – Oxfam International
Let us begin with this…
Photo credit: News PiPa
- Billionaires in the food and energy sectors are increasing their fortunes by $1 billion every two days!!!
- 573 people became new billionaires during the pandemic, at the rate of one every 30 hours!!!
- Billionaires’ wealth has risen more in the first 24 months of COVID-19 than in 23 years combined!!!
- The total wealth of the world’s billionaires is now equivalent to 13.9% of global Gross Domestic Product!!!
- The fortunes of food and energy billionaires have risen by $453 billion in the last two years!!!
- Five of the largest energy companies (BP, Shell, TotalEnergies, Exxon and Chevron) are together making $2,600 profit every second!!!
- There are now 62 new food billionaires!!!
- In 2021, Cargill made the biggest profit in its history ($5 billion in net income)!!!
- The Cargill family alone now has 12 billionaires, up from eight before the pandemic!!!
- Today, 2,668 billionaires — 573 more than in 2020 — own $12.7 trillion, an increase of $3.78 trillion!!!
- The richest 20 billionaires are worth more than the entire GDP of Sub-Saharan Africa!!!
- Pharmaceutical corporations like Moderna and Pfizer are making $1,000 profit every second just from their monopoly control of the COVID-19 vaccine!!!
- The pandemic has created at least 40 new pharma billionaires!!!
Photo credit: Business Insider
Having read all of that,
I ask again;
How greedy do you have to be, huh?
Photo credit: Oxfam in Nigeria – Oxfam International
Ooohhhh…did I mention that one has to pay a minimum of “19,000 US Dollars” to be “allowed to sit” at the World Economic Forum?
Photo credit: The New York Times
How greedy do you have to be?
It’s so sad that there are people who earns billions and do nothing, and there are people working hard and can’t afford food. Life is just sad 🙁
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The world is unfair to. Lol If one billionaire gave me look
100K USD,I would save
800
People from death due to hunger in Uganda here
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The distribution of wealth in this world is disgusting. And not because people are rich. It’s because the rich continue to get richer and hoarde while stepping all over those who cna’t do anything about it.
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It really makes you wonder. Some of those $ statistics are just jaw dropping.
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Wow, those facts are astonishing. But unfortunately, that’s the really sad truth of life and it isn’t fair at all. I think it’s always best not to look at it as unfair because we’ll just continue being unhappy. And life is something to live for! Thanks for sharing this!
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I didn’t realise there were that many Billionaires. I’d hope they had things in place to help those less fortunate.
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I’m not overly ambitious enough to consider billions, but I’d like to be comfortable. Yes, comfortable would be nice.
👏🏿👏🏿👏🏿 that’s what everyone of us needs to have!
This is an issue I keep hearing about. So many people have profitted off other’s misfortune.
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Good topic. Greed is rampant, and has become an out of control fire.
I’m a CPA and witnessed first hand so much greed during the pandemic. Businesses who were prospering were trying desperately to get more hand-outs, individuals were whining about paying more taxes…I was disgusted.
Yyyeeeaaaahhhhh…same here, Carolyn!
Last year brought so much sad news. I hope one day we can make our world better.
I hope so, too.
This is our sad reality. I hope these billionaires would help more and help bridge the gap. I agree with you that a lot of people where able to gain profit during the pandemic.
Hhhaaaaa…I don’t think so honestly, Clarice.
This is our sad reality. I hope these billionaires would help more and help bridge the gap. I agree with you that a lot of people were able to gain profit during the pandemic.
I can’t argue with you, because you are right. What the government and corporations have done during the pandemic has been absolutely sinful. I am sticking to the fact that is was planned and it was all for money…..no one can change my mind.
Yyyeeeaaaahhhh….and you are very right, Kelly!
Life is unfair, and that’s the harsh truth of reality. I think the best we can do is think of what we can contribute in order to promote equality 🙂
Hhhmmm…maybe, that could be what we need!
$1,000 every second for the vaccine. Wow. Didn’t Pfizer have some problems over the years with safety, too? I seem to remember something of the sort. If so, they’ve certainly recovered.
Yes, they did! COVID-19 times have been miracously good for them!
I was a bit greedy but learned the hard way to know that I don’t get too greedy.
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Indeed very sad. I’ve read so many articles on how many people got richer or become a millionaire overnight during this pandemic.
I remember back in the first months of the pandemic, I was making facemasks and giving them away to friends and charity, and one lady told me that I should sell them. Indeed I can, however, I told her that ‘it is quite hard for me to capitalize during hard times.’ One of the reasons why I can’t be a businesswoman!
😍😍😍 aaawwww…..aren’t you the sweetest?
Sad reality. Hope someday we can make this world better.
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I did ask the same question before. I just don’t know why people have to get too much money since having more doesn’t make them happier at all. Or perhaps I’m not sharing the same mind of the billionaires or living the same life of them, lol.
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