This is reported by DW.

The report, titled "Survival of the Richest", says that around 26 trillion US dollars, or almost 62% of the world's wealth that has been accumulated since 2020 during the crisis caused by the COVID-19 pandemic, has ended up in the hands of the richest 1% of people on the planet, in while the remaining 99% of the population accounted for only $16 trillion, or 38% of that increase.

A year earlier, the wealth of billionaires jumped again thanks to the "rapid growth in the profits of food and energy companies".

According to Oxfam, 95% of these companies will more than double their profits in 2022.

Every tenth inhabitant of the Earth is starving

At the same time, fewer than 1.7 billion people live in countries where inflation is currently outpacing wage growth, the report notes.

More than 820 million people, or approximately every tenth inhabitant of the Earth, suffer from hunger.

At the same time, about 60% of the starving population of the world are women and girls.

This is probably the largest increase in global inequality and poverty since the Second World War, the organization writes, citing data from the World Bank.

Oxfam has called on governments around the world to raise taxes on wealth and "excessive excess profits" as a result of the coronavirus pandemic and inflation to stop the spread of poverty and hunger.

Last year, a UN report on food security and nutrition said that 31.9% of women and 27.6% of men in the world are periodically undernourished, with the gap between the two widening by one percentage point since the start of the COVID-19 pandemic.

About 45 million children under the age of five suffer from wasting (a deadly form of malnutrition), which is 6.7% of all children on the planet.

At the same time, 39 million children of the same age, or 5.7%, are obese.

More than half of all those suffering from hunger live in Asian countries, about a third live in Africa, and the rest are in Latin America and the Caribbean.