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.
The World Economic Forum kicks off in the Swiss Alpine resort on the same day as the presidential inauguration of Donald ...
Follow The Hindu’s updates of Day 1 of the World Economic Forum 2025, in Davos, Switzerland, on January 20, 2025 ...
A recent report by Oxfam International reveals a shocking truth. During colonial rule, the UK took around $64.82 trillion ...
a report published by development organization Oxfam said. Published ahead of the World Economic Forum (WEF) in Davos, the report titled "Takers Not Makers" said billionaire wealth soared by ...
Drawing on a range of studies and research papers, Oxfam calculated that between 1765 and 1900, the richest 10 percent in the ...
The wealth of the world’s billionaires skyrocketed by a staggering 2$ trillion (£1.64 trillion) in 2024, a surge three times ...