Billionaire wealth surged last year, with the world's richest individuals adding $2 trillion to their pockets in 2024, according to a new report released Monday.

Billionaire's wealth has grown faster last year, and now the world can expect at least 5 trillionaires within a decade, even as the number of people in poverty has barely budged since 1990.

The World Economic Forum kicks off in the Swiss Alpine resort on the same day as the presidential inauguration of Trump, who will not be in Davos but will make an online appearance later in the week. Global charity Oxfam said in a report that Trump's ...

The World Economic Forum in Davos, Switzerland, is underway this week — and there are calls for taxing the extremely rich to address global inequality.

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

Latest assessment by Oxfam International, timed with the opening of the World Economic Forum, predicts that at least five trillionaires will emerge over the next decade. Billionaires' wealth grew three times faster in 2024 compared to the previous year,

The global elite returned to the Swiss town of Davos this week as the Oxfam charity revealed that the rich are getting richer. The annual meeting of the World Economic Forum (WEF) comes amid climate disaster, war in the Middle East and Ukraine and Donald Trump’s inauguration.

a top anti-poverty group reported on Monday as some of the world’s political and financial elite prepared for an annual gathering in Davos, Switzerland. Oxfam International, in its latest ...

a top anti-poverty group reported on Monday as some of the world’s political and financial elite prepared for an annual gathering in Davos, Switzerland. Oxfam International, in its latest ...

Billionaire wealth surged by $2 trillion in 2024—equivalent to $5.7 billion per day—as global inequality reached unprecedented levels, Oxfam International reported Monday. Oxfam's analysis ...

a top anti-poverty group reported on Monday as some of the world's political and financial elite prepared for an annual gathering in Davos, Switzerland. Oxfam International, in its latest ...

As the global political economy faces a critical test, world leaders must urgently prioritise strengthening democratic governance and embedding social safeguards in trade systems rather than undermining them.