Billionaire wealth grew by $2tn in 2024, three times faster than the previous year, according to Oxfam's latest report on wealth. View on euronews

Last year marked the second-largest annual increase in billionaire wealth since records started, according to Oxfam.

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

Billionaire wealth across the globe surged by USD 2 trillion in 2024 to USD 15 trillion at a rate three times faster than the previous year, a study showed on Monday here as the richest of the world began to assemble for their annual jamboree in this ski resort town.

Think you earn a decent salary? The latest inequality report from Oxfam found Australia's billionaires took home 1,300 times more than the average Aussie earner last year.

Billionaires’ wealth grew three times faster last year than the year before, a top anti-poverty group reported yesterday, as some of the world’s political and financial elite prepared for an annual gathering in Davos,

Billionaire wealth grew by $2 trillion in 2024 alone, equivalent to roughly $5.7 billion a day, at a rate three times faster than the year before, according to a new report from Oxfam. An average of nearly four new billionaires were minted every week in 2024.

At current trends the charity Oxfam predicts up to five trillionaires are expected to emerge within the next decade.

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 wealth surged in 2024, as the world’s richest people increasingly benefited from inheritance and powerful connections, Oxfam said in its annual inequality report.