Billionaire wealth surged in 2024, says Oxfam

Move over billionaires. The first trillionaires are on their way.
The World Economic Forum in Davos, Switzerland, is underway this week — and there are calls for taxing the extremely rich to address global inequality.
Oxfam’s new report estimates that 54 percent of billionaire wealth is either inherited or stems from monopoly power.
Follow The Hindu’s updates of Day 1 of the World Economic Forum 2025, in Davos, Switzerland, on January 20, 2025 ...
The World Economic Forum kicks off in the Swiss Alpine resort on the same day as the presidential inauguration of Donald ...
Oxfam’s ‘Million Pound Pint’ campaign aims to highlight the disparity between the super-rich and the rest of the population.
The world will soon have five trillionaires. New research shows this will happen within a decade. Who will they be?
Drawing on a range of studies and research papers, Oxfam calculated that between 1765 and 1900, the richest 10 percent in the ...
Within a decade, the world could witness the emergence of its first trillionaire, Oxfam International warns in its latest ...