The charity reported that the wealth of the world's billionaires grew from $13 trillion to $15 trillion in 2024, a rate that is three times faster than in 2023.
Billionaire wealth in Ireland increased by €35.6 million per day, Oxfam Ireland said upon the January 20 publication of Oxfam's "Takers Not Makers" report. There were two new billionaires in Ireland last year, Oxfam Ireland said on Monday, adding that Irish billionaire wealth could carpet the whole of Phoenix Park in €50 notes almost 1.5x over.
But nothing all that golden is minting these new wealthy individuals.“Most billionaire wealth is taken, not earned, 60% comes from either inheritance, cronyism and corruption or
"By the time you’ve got your 4th plane I think we can all agree…" Video of Jeff Bezos' new mega-jet stirs envy and outrage: 'You've got too much cash' first appeared on The Cool Down.
Billionaire 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's richest accumulated massive wealth in 2024, which some speculate could reach even greater heights in the next few years.
The world is set to witness the emergence of five trillionaires within the next decade, according to Oxfam's latest inequality
The world could soon see its first trillionaires, with five individuals projected to reach the milestone within the next decade if current trends persist, according to Oxfam's annual inequality report released Sunday reported CNN Business.
As global elites arrive in Davos for the annual World Economic Forum, the global advocacy group Oxfam reported that billionaires' wealth increased three times faster in 2024 than the previous year,
The World Economic Forum kicks off in the Swiss Alpine resort on the same day as the presidential inauguration of Donald Trump.
Elon Musk, Mark Zuckerberg and Jensen Huang are among those expected to hit trillionaire status, with Oxfam suggesting that there will be five within the next 10 years. Within the next ten years five people will hold the title of trillionaire—with a 13-figure fortune to their name—according to a new study from Oxfam.
Calling out Amazon founder Jeff Bezos’ domain of online purchases in many countries and Aliko Dangote’s hold on cement in Nigeria, Oxfam says that about 18% of billionaires’ wealth comes ...