Group’s report comes as the world’s political and financial elite prepare for an annual gathering in Davos, Switzerland.

Billionaire wealth surged in 2024, as the world’s richest people increasingly benefited from inheritance and powerful connections, Oxfam said in its annual inequality report.

In response to President Trump appearing at this year's World Economic Forum remotely via video conference, Nabil Ahmed, Oxfam America’s Director of Economic and Racial Justice, said: “President Trump ...

Billionaire wealth surged last year, with the world's richest individuals adding $2 trillion to their pockets in 2024, ...

In its flagship inequity report released every year on the first day of the World Economic Forum Annual Meeting, Oxfam International contrasted the huge jump in the billionaire wealth with the number ...

Oxfam International, in its latest assessment of global inequality timed to the opening of the World Economic Forum meeting, also predicts at least five trillionaires will crop up over the next ...

a study published on Monday by the development organization Oxfam has shown ahead of the World Economic Forum (WEF) in Davos. According to the report, there were 2,769 billionaires worldwide in ...

As the global political economy faces a critical test, global leaders should urgently prioritise strengthening democratic ...

Oxfam said in a report that Trump's election ... as global elites descend on Davos for their annual confab. The World Economic Forum kicks off in the Swiss Alpine resort on the same day as the ...

That's a question being debated in the rarefied air of Davos, Switzerland, as billionaires and less wealthy movers and shakers gather at the World Economic Forum to consider the ... This year Oxfam's ...

Shannon McDonagh is a Newsweek content reporter based in London. Her focus is reporting breaking wire stories across international politics and social issues. She has covered culture, politics and ...

Oxfam report said billionaire wealth grew by $2 trillion last year, or roughly $5.7 billion a day, three-times faster than in 2023.