Davos, Switzerland — Billionaires ' wealth grew three times faster in 2024 than the year before, a top anti-poverty group reported on Monday as some of the world's political and financial elite ...

Oxfam predicted that at least five trillionaires will crop up over the next decade. A year ago, the group forecast that only one trillionaire would appear in that period.

Oxfam International reported that billionaires' wealth increased three times faster in 2024 than in 2023, outpacing the previous year's growth. ... Switzerland, on January 13, ...

Davos, Switzerland — The world could have its first trillionaire within a decade, anti-poverty organization Oxfam International said Monday in its annual assessment of global inequalities timed ...

The world's five richest men more than doubled their fortunes from $405 billion to $869 billion since 2020, while almost 5 billion people around the world became poorer.

In the report, titled “Survival of the Richest” and delivered ahead of the World Economic Forum meeting in Davos, Switzerland, ... Oxfam reported that for the first time in 25 years, ...

As the gathering of the global elites at the annual World Economic Forum meeting in Davos, Switzerland gets underway, the international aid agency Oxfam has published a devastating report on the ...

What’s more, the top 1% holds 43% of the world’s financial assets, according to Oxfam, drawing on data from Wealth X. In the United States, this group owns 32%; in Asia, it’s 50%.

The ultra-rich like Elon Musk, Warren Buffett, and Jeff Bezos have doubled their fortunes since 2020, Oxfam said, while 60% of the world got poorer.

Oxfam says billionaires’ wealth soared in 2024, with 4 ‘minted’ every week. The group’s report comes as some of the world’s political and financial elite prepare for an annual gathering ...