Billionaire wealth surged to previously “unimaginable” heights in 2024, leading experts to predict that at least five people will become trillionaires within a decade, according to a new report from Oxfam International.
Billionaire wealth in Ireland increased by €35.6 million per day, Oxfam Ireland said upon the January 20 publication of Oxfam's "Takers Not Makers" report. There were two new billionaires in Ireland last year, Oxfam Ireland said on Monday, adding that Irish billionaire wealth could carpet the whole of Phoenix Park in €50 notes almost 1.5x over.
Elon Musk, Mark Zuckerberg and Jensen Huang are among those expected to hit trillionaire status, with Oxfam suggesting that there will be five within the next 10 years. Within the next ten years five people will hold the title of trillionaire—with a 13-figure fortune to their name—according to a new study from Oxfam.
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.
Billionaire wealth surged last year, with the world's richest individuals adding $2 trillion to their pockets in 2024, according to a new report released Monday.
The wealth of the world's 10 richest men grew US$100 million ($160 million) an hour on average last year, according to Oxfam's Takers Not Makers report, published on Monday.
The World Economic Forum kicks off in the Swiss Alpine resort on the same day as the presidential inauguration of Donald Trump.
The world is set to witness the emergence of five trillionaires within the next decade, according to Oxfam's latest inequality
There is increasing disparity in the world today as an "aristocratic oligarchy" is amassing wealth at unforeseen levels, a report published by development organization Oxfam said. Published ahead of the World Economic Forum (WEF) in Davos,
According to a new study by Oxfam, five individuals are projected to reach trillionaire status within the next decade, each amassing a
Oxfam report said billionaire wealth grew by $2 trillion last year, or roughly $5.7 billion a day, three-times faster than in 2023.
Australian billionaires earn $67,000 an hour, according to a new report from Oxfam, which is 1300 times more than what everyday workers make.