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Super-rich thrive as COVID-19 pushes millions into poverty

South America Argentina Buenos Aires COVID 19 testing

London, UKThomson Reuters Foundation The world’s 10 wealthiest people more than doubled their fortunes to $US1.5 trillion during the pandemic as poverty rates soared, according to a study released by a charity on Monday ahead of a high-profile World Economic Forum event. Heads of state will join chief executives and other prominent figures this week […]

US super-rich found failing in pledge to donate most of wealth

Jeff Bezos 2018

London, UKThomson Reuters Foundation Super-rich individuals who pledged to give away most of their money to good causes are instead sitting on rising wealth, with many also “warehousing” donations in dedicated family foundations or funds, a new study has found. More than three quarters of a group of US billionaires who signed up to the […]