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.
The world's richest accumulated massive wealth in 2024, which some speculate could reach even greater heights in the next few years.
Oxfam’s new report estimates that 54 percent of billionaire wealth is either inherited or stems from monopoly power.
The world is set to witness the emergence of five trillionaires within the next decade, according to Oxfam's latest inequality
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.
The World Economic Forum kicks off in the Swiss Alpine resort on the same day as the presidential inauguration of Donald Trump.
As global elites arrive in Davos for the annual World Economic Forum, the global advocacy group Oxfam reported that billionaires' wealth increased three times faster in 2024 than the previous year,
Costco's public stance in support of diversity, equity and inclusion programs contrasts with the positions taken in recent months by other big consumer brands.
Leading Republicans have called on Donald Trump to block Sir Keir Starmer’s Chagos Islands deal over fears it will give Iran greater access to spy on the US military base at Diego Garcia. Trump’s allies urged the President to consign the deal to “the shredder for good” before he meets with Starmer for the first time this week.
Costco has claimed victory in pushing back on a shareholder proposal that urges the wholesale club operator to conduct an evaluation of any business risks posed by its diversity, equity
The remains of Sim Hwee Kok, a Singaporean killed in Taiwan's April 2024 earthquake, have been found and identified. Cost of living, housing prices, and the economy are key voters' concerns ahead of GE2025.
In total, billionaire wealth skyrocketed by $2 trillion, adding more than 200 individuals to this cohort. The accumulation of riches at the very top is going so unchecked that Oxfam estimates there will be five trillionaires within the coming decade.