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.

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 ...

Billionaires and politicians gathering in Switzerland this week will come under pressure to tackle rising inequality after a study found that – on current trends – by next year, 1% of the ...

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.

Oxfam believes the rates on the top 1% should be high enough to significantly reduce their numbers and wealth. The funds should then be redistributed. “We do face an extreme crisis of wealth ...

The British-based NGO names Switzerland as the fourth-worst offender, with only Bermuda, the Cayman Islands and the Netherlands listed as having more aggressive tax regimes. The Swiss authorities ...

Oxfam's headline-grabbing statistics, released shortly before the World Economic Forum began in Davos, Switzerland, are based on two sources: the Credit Suisse Global Wealth Databook, which looks ...

Oxfam: World's Richest 1 ... Switzerland, beginning Jan. 22. The Oxfam report largely mirrors findings of several other studies in recent years that have documented growing income inequality in ...

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%.

Just eight men hold the same amount of wealth as the poorest half of humanity, according to new data compiled by Oxfam. Released to coincide with the annual World Economic Forum meeting of ...

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 ...