Billionaires' wealth soared in 2024, a top anti-poverty group said ahead of an annual gathering in Davos, Switzerland of some of the world's political and financial elite.

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

The world's richest accumulated massive wealth in 2024, which some speculate could reach even greater heights in the next few years.

Oxfam’s new report estimates that 54 percent of billionaire wealth is either inherited or stems from monopoly power.

According to Oxfam International, the wealth of billionaires globally grew three times faster in 2024 compared to the previous year, just as many of

Oxfam's annual inequality report shows the rapid acceleration of wealth accumulation by the world's richest in 2024, as 44 percent of the world continues to live in poverty. FRANCE 24's Business

Move over billionaires. The first trillionaires are on their way.

The wealth of the world’s super-rich is growing ever faster. Oxfam published a study on Monday revealing there were 2769 billionaires worldwide in 2024 – an increase of 204 compared to the previous year.

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.