Last year marked the second-largest annual increase in billionaire wealth since records started, according to Oxfam.
Notably, however, China, the country with the second-highest millionaire count, surpassed the US to become the country with the most people in the top 10% of global wealth distribution.
In 2024, the global wealth distribution is still very concentrated with a growing number of people accumulating enormous fortunes. There are 2,781 billionaires in the world, holding a combined net ...
China now has a cohort of 100 million individuals who are in the top 10% of global wealth distribution, compared to 99 million for the U.S. In addition, China has surpassed Japan as the country ...
The stark reality of global wealth inequality has never been ... It is up to us to seize the day and reimagine wealth distribution for the 21st century and beyond.