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.

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

Oxfam's latest report shows billionaire wealth surged by $2 trillion in 2024, with new billionaires minted daily. Discover how wealth inequality is widening globally.

In the United States "we are in a situation where you can buy a country, with the risk of weakening democracy", said the head of Oxfam France, Cecile Duflot. The world's three richest men will be at his inauguration: Musk, Amazon founder Jeff Bezos and ...

The world is set to witness the emergence of five trillionaires within the next decade, according to Oxfam's latest inequality

Calling out Amazon founder Jeff Bezos’ domain of online purchases in many countries and Aliko Dangote’s hold on cement in Nigeria, Oxfam says that about 18% of billionaires’ wealth comes ...

Last year marked the second largest annual increase in billionaire wealth since records started, according to Oxfam. The global charity now predict at least five trillionaires within a decade.

The report stressed that much of today's billionaire wealth is unearned, often linked to monopolies, cronyism, or inheritance

This projection marks a significant shift from a previous Oxfam report that indicated only one person would reach this milestone within a decade.

Oxfam’s examination of billionaire assets ... they would remain billionaires. They include the Amazon founder, Jeff Bezos, with a net worth of $219.4billion, whose Amazon “empire” accounts ...

Oxfam activists briefly blocked the access road to the Davos heliport on Monday. Another group threw green paint on the facade of an Amazon pavilion in the village, holding a sign saying "drop fossil subsidies". A few hundred protesters blocked a road ...