Two-week increase in food billionaires’ wealth enough to fully fund East Africa hunger crisis response

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Food billionaires have increased their collective wealth by $382 billion (£321bn) since 2020. Less than two weeks' worth of their wealth gains would be more than enough to fund the entirety of the $6.2 billion (£5.2bn) UN appeal for East Africa, which is currently woefully funded at a mere 16 per cent.

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The “ABCD” food giants, Archer-Daniels-Midland, Bunge, Cargill, and Dreyfus, control the bulk of the world’s commercial grain trade and have pricing power over grain.

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