A new Oxfam report shows that global billionaire wealth has seen a dramatic increase in 2024, rising by about $5.7 billion ...

which was built partly from colonial activities in Africa. Calling it modern day colonialism, Oxfam said vast sums of money ...

"Oxfam predicted the emergence of the first ... Independent Online, popularly known as IOL, is one of South Africa’s leading news and information websites bringing millions of readers breaking ...

Oxfam reports a staggering $2 trillion increase in billionaire wealth in 2024, while poverty remains largely unchanged. The report calls for taxing the rich and addressing colonial harms.

Oxfam’s calculates that 36% of billionaire wealth is now inherited. Research by Forbes found that every billionaire under 30 has inherited their wealth, while UBS estimates that over 1,000 of today’s ...

Billionaires had a good year in 2024 as a recent report showed that their wealth grew by USD 2 trillion in 2024 alone, ...

was built partly from colonial activities in Africa. Vast sums of money still flow from the Global South to countries in the Global North and their richest citizens, in what Oxfam's report describes ...