Oxfam Warns of Trillionaire Surge as Global Inequality Deepens

Billionaires made $2 trillion last year while it’s austerity for the rest of us

Oxfam’s latest study into contemporary inequality – produced while the ruling class and their minions were rubbing shoulders in Davos – revealed that in 2024, each of the world's 2,640 billionaires increased their wealth by $2 million daily. Meanwhile, since 1990, there has been no improvement in the number of those living on less than $6.85 a day, which still represents 3,600,000,000 people.

Oxfam: 'Dismantle the 'New Aristocracy'

Billionaires' wealth grew three times faster in 2024 than the year before, a top anti-poverty group reported Monday, as some of the world's political and financial elite prepared for an annual gathering in Davos, Switzerland. Oxfam International, in its latest assessment of global inequality timed to the opening of the...

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Oxfam says world ruled by “aristocratic oligarchy,” as billionaire wealth surges by $2 trillion

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.

Oxfam puts spotlight on wealth inequality as WEF gets underway

As the world economic forum kicks off in Davos, Oxfam is putting the spotlight on wealth inequality. According to the anti-poverty group, billionaires' wealth increased three times faster last year than in 2023.