Billionaires' wealth soared in 2024, a top anti-poverty group said ahead of an annual gathering in Davos, Switzerland of some of the world's political and financial elite.

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 World Economic Forum in Davos, Switzerland, is underway this week — and there are calls for taxing the extremely rich to address global inequality.

Billionaire wealth surged by $2 trillion in 2024—equivalent to $5.7 billion per day—as global inequality reached unprecedented levels, Oxfam International reported Monday. Oxfam's analysis ...

a top anti-poverty group reported on Monday as some of the world's political and financial elite prepared for an annual gathering in Davos, Switzerland. Oxfam International, in its latest ...

a top anti-poverty group reported on Monday as some of the world’s political and financial elite prepared for an annual gathering in Davos, Switzerland. Oxfam International, in its latest ...

A leading NGO warned Monday of an emerging "aristocratic oligarchy" with massive political clout and primed to profit from Donald Trump's presidency, as global elites descend on Davos for their annual confab.

a top anti-poverty group reported on Monday as some of the world’s political and financial elite prepared for an annual gathering in Davos, Switzerland. Oxfam International, in its latest ...

Trump set himself above the bank and energy executives on the panel, who groveled, flattered and praised him. But like every dictator, he speaks not only for himself but for a social class.

This past Monday, the world marked two noteworthy beginnings: the second inauguration of U.S. President Donald Trump and the start of the 55th Annual Meeting of the World Economic Forum in Davos, Switzerland.

The 2025 theme for Davos, “Collaboration for the Intelligent Age,” is particularly timely for wealthy countries as they reap rich dividends due to rapid technological advancements. Equally, the theme holds profound significance for people living in LDCs, where new and relevant technologies can permanently alter their development trajectory.

Anti-poverty report sees billionaire wealth surging as poverty is unchanged since 1990 COVER STORY | RONALD MUSOKE | On Jan.20, the global anti-poverty NGO, Oxfam International published its 2025 report.