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.
Switzerland. Oxfam International, in its latest assessment of global inequality timed to the opening of the World Economic Forum meeting, also predicts at least five trillionaires will crop up ...
Switzerland. Oxfam International, in its latest assessment of global inequality timed to the opening of the World Economic Forum meeting, also predicts at least five trillionaires will crop up ...
Within a decade, the world could witness the emergence of its first trillionaire, Oxfam International warns in its latest inequality report. Released during the World Economic Forum in Davos, the report underscores a stark reality: the wealth of the top five billionaires has more than doubled since the pandemic,
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.
Oxfam’s new report estimates that 54 percent of billionaire wealth is either inherited or stems from monopoly power.
Move over billionaires. The first trillionaires are on their way.
At current trends the charity Oxfam predicts up to five trillionaires are expected to emerge within the next decade.
This morning, 27 activists from across Europe supporting Greenpeace International symbolically 'confiscated' private
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