Communities in Solomon Island facing climate crisis. Photo: Collin Leafasia/Oxfam

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While it took just nine months for global billionaire fortunes to return to their pre-pandemic highs, recovery for the world’s poorest people could take more than a decade1.

In Australia, our 31 billionaires have seen their fortunes increase by nearly $85 billion since the global COVID-19 pandemic was declared.

This report offers startling new data, shows how inequalities intersect, and connects examples across countries. Crucially, it offers bold solutions. Above all, we are reminded that inequality and despair does not have to be our destiny. In solidarity, we stand ready to form a more equal and just world.

But extreme inequality is not inevitable – it’s a policy choice.

It was clear before the crisis, and is even clearer now, that Governments around the world must act to build economies that are more equal, more inclusive, and that protect the planet.

Read the report to see our five steps toward a better world.

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Economic inequality

While it took just nine months for global billionaire fortunes to return to their pre-pandemic highs, recovery for the world’s poorest people could take more than a decade.

In Australia, our 31 billionaires have seen their fortunes increase by nearly $85 billion since the global COVID-19 pandemic was declared.

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While it took just nine months for global billionaire fortunes to return to their pre-pandemic highs, recovery for the world’s poorest people could take more than a decade.

In Australia, our 31 billionaires have seen their fortunes increase by nearly $85 billion since the global COVID-19 pandemic was declared.