Read this in The Manila Times digital edition.
THE combined wealth of five white males — Elon Musk of Tesla, Jess Bezos of Amazon, Larry Ellison of Oracle, Bernard Arnault of LVMH and Warren Buffet of Berkshire Hathaway — was $453 billion in 2019, poverty and inequality tracker Oxfam said. The coronavirus pandemic years failed to stop them from growing their wealth, which almost doubled to $869 billion in the closing days of 2023.
"If each of the five wealthy men spends a million dollars daily, they would take 476 years to exhaust their combined wealth," Oxfam said. There is no way for one with the mind of a pauper to imagine the kind of money these five white males possess.
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