At least nine people involved with companies that develop and manufacture COVID vaccines have become billionaires since the beginning of the pandemic, thanks to the monopoly power of pharmaceutical firms, according to new analysis by global health groups.
The new billionaires’ combined net wealth of $19.3 billion would cover the cost of vaccinating everyone in low-income countries where vaccines largely remain out of reach and roughly 10 percent of the world’s population lives, according to the People’s Vaccine Alliance, a coalition of global health and trade groups, which analyzed
Forbes Rich List data.
The
New York Times vaccine tracker reports that only 0.3 percent of the global vaccine supply has reached the 29 poorest countries, while 84 percent of vaccines have been administered in high- and upper-middle-income countries. Nearly half the population of the United States has received at least one dose, compared to 14 percent in South America, 4.8 percent in Asia and 1
COVID-19 vaccines create new billionaires
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Covid-19 Vaccines Helped Nine People Become Billionaires – Forbes Rich List - Novinite com
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Covid-19 Vaccines Have Spawned Nine New Billionaires: Campaign Group
05/19/21 AT 11:14 PM
Profits from Covid-19 jabs have helped at least nine people become billionaires, a campaign group said Thursday, calling for an end to pharmaceutical corporations monopoly control on vaccine technology. Between them, the nine new billionaires have a combined net wealth of $19.3 billion (15.8 billion euros), enough to fully vaccinate all people in low-income countries 1.3 times, The People s Vaccine Alliance said in a statement.
The alliance, a network of organisations and activists campaigning for an end to property rights and patents for inoculations, said its figures were based on the Forbes Rich List data.