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 ...

Like Biden's call for making billionaires "begin to pay their fair share" through the U.S. tax code, Oxfam - a global advocacy group - called on governments to tax the richest to reduce inequality ...

The Oxfam report is based on data from sources including estimates of the wealth of billionaires made by the US business magazine Forbes and data from the World Bank. According to the report ...

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

The next three decades will see over 1,000 of today’s billionaires transfer more than $5.2 trillion to their heirs. Oxfam calculates that 36 percent of billionaire wealth is derived from inheritance.

Roughly 204 new billionaires were minted last year alone, according to Oxfam’s latest annual inequality report. After Oxfam's report was released, some of the world's wealthiest people called on ...

Oxfam said billionaire wealth grew by $2 trillion last year, or roughly $5.7 billion a day, three-times faster than in 2023. The number of billionaires rose by 204 to 2,769, and the 10 richest men ...

US President Donald Trump also found a mention in the Oxfam report as his policies, including tax cuts and deregulation, are being criticized for potentially fueling inequality and further enriching ...