Billionaire wealth surged last year, with the world's richest individuals adding $2 trillion to their pockets in 2024, according to a new report released Monday.

Billionaire's wealth has grown faster last year, and now the world can expect at least 5 trillionaires within a decade, even as the number of people in poverty has barely budged since 1990.

The World Economic Forum in Davos, Switzerland, is underway this week — and there are calls for taxing the extremely rich to address global inequality.

Latest assessment by Oxfam International, timed with the opening of the World Economic Forum, predicts that at least five trillionaires will emerge over the next decade. Billionaires' wealth grew three times faster in 2024 compared to the previous year,

Trump set himself above the bank and energy executives on the panel, who groveled, flattered and praised him. But like every dictator, he speaks not only for himself but for a social class.

Group’s report comes as the world’s political and financial elite prepare for an annual gathering in Davos, Switzerland.

Last year marked the second-largest annual increase in billionaire wealth since records started, according to Oxfam.

Oxfam International reported that billionaires' wealth increased three times faster in 2024, outpacing the previous year's growth. Ahead of the World Economic Forum in Davos, the group also forecasts the emergence of five trillionaires within a decade,

Oxfam’s ‘Million Pound Pint’ campaign aims to highlight the disparity between the super-rich and the rest of the population.

a top anti-poverty group reported on Monday as some of the world’s political and financial elite prepared for an annual gathering in Davos, Switzerland. Oxfam International, in its latest ...

Billionaire wealth surged by $2 trillion in 2024—equivalent to $5.7 billion per day—as global inequality reached unprecedented levels, Oxfam International reported Monday. Oxfam's analysis ...

A leading NGO warned Monday of an emerging "aristocratic oligarchy" with massive political clout and primed to profit from Donald Trump's presidency, as global elites descend on Davos for their annual confab.