Jan 20, 2025 · Oxfam urges governments to tax the richest to reduce inequality, end extreme wealth, and dismantle the new aristocracy. Former colonial powers must address past harms with reparations. 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.

The richest 1 percent grabbed nearly two-thirds of all new wealth worth $42 trillion created since 2020, almost twice as much money as the bottom 99 percent of the world’s population, reveals a new Oxfam report today.

The world’s 2,153 billionaires have more wealth than the 4.6 billion people who make up 60 percent of the planet’s population, reveals a new report from Oxfam today ahead of the World Economic Forum (WEF) in Davos, Switzerland.

Jan 20, 2025 · Global billionaire wealth grew by $2 trillion in 2024, three times faster than the year before, equivalent to roughly $5.7 billion a day. The world is now on track to see five trillionaires within a decade, the latest annual Oxfam inequality report reveals today.

Jan 20, 2025 · As the world’s elites descend on the luxury Swiss mountain resort of Davos for the World Economic Forum Annual Meeting, Oxfam’s latest report, Takers Not Makers, reveals an unsettling reality: the world’s billionaires continue to make trillions while billions of people continue to live in poverty.

Jan 20, 2025 · Oxfam predicts there will be at least five trillionaires a decade from now. 204 new billionaires were minted in 2024, nearly four every week. Sixty percent of billionaire wealth is now derived from inheritance, monopoly power or crony connections, as Oxfam argues that “extreme billionaire wealth is largely unmerited.”

Jan 20, 2025 · Billionaires’ wealth globally grew three times faster in 2024 than the year before, global advocacy group Oxfam International says, as some of the world’s political and financial elite prepare to...

Jan 20, 2025 · According to the anti-poverty group Oxfam International, billionaire wealth surged by $2tn (€1.93bn) in 2024, equivalent to roughly $5.7bn (€5.5bn) a day, three times faster than the year ...

Jan 20, 2025 · Oxfam and Development Finance International’s findings in The Commitment to Reducing Inequality Index 2024 reveal negative trends in the vast majority of countries since 2022. ... 60% of billionaire wealth is from inheritance, cronyism or monopoly. In 2023, more billionaires were created through inheritance than entrepreneurialism for the ...

Jan 20, 2025 · 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.. The release of the ...