A new billionaire has been minted nearly every day during the pandemic

New York (CNN Business) The Covid-19 pandemic has been good for the wallets of the wealthy.

minted about every 30 hours, on average, so far during the pandemic. Some 573 people have joined the billionaire ranks since 2020, bringing the worldwide total to 2,668, according to an analysis released by Oxfam on Sunday. That means a new billionaire wasminted about every 30 hours, on average, so far during the pandemic.

The report, which draws on data compiled by Forbes, looks at the rise of inequality over the past two years. It is timed to coincide with the kickoff of the annual World Economic Forum meeting in Davos, Switzerland, a gathering of some of the wealthiest people and world leaders.