Report: Wealth of Irish billionaires increased €3.3bn since beginning of Covid-19 pandemic

Report: Wealth of Irish billionaires increased €3.3bn since beginning of Covid-19 pandemic

Oxfam says it could take more than a decade for the world’s poorest people to recover from the financial hit of Covid-19. File Picture: Pexels

The wealth of Ireland’s billionaires has grown by over €3.3bn since the start of the coronavirus pandemic, according to a new report from Oxfam.

The charity’s Inequality Virus Report found that while the world’s richest people were able to recoup their pandemic losses by the end of last year, it could take more than a decade for the world’s poorest people to recover from the financial hit of Covid-19. 

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