As global elites arrive in Davos for the annual World Economic Forum, the global advocacy group Oxfam reported that ...

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Oxfam reports billionaires' wealth tripled in 2024, fueling inequality as Davos elites gather. Calls for wealth taxes and ...

Last year marked the second-largest annual increase in billionaire wealth since records started, according to Oxfam.

Billionaire wealth grew by $2 trillion in 2024 alone, equivalent to roughly $5.7 billion a day, at a rate three times faster than the year before, Oxfam said in its report on Monday.