But nothing all that golden is minting these new wealthy individuals.“Most billionaire wealth is taken, not earned, 60% comes from either inheritance, cronyism and corruption or

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.

The world's richest accumulated massive wealth in 2024, which some speculate could reach even greater heights in the next few years.

Amazon has announced plans to shut down all seven of its warehouses in Quebec within the next two months, impacting approximately 1,700 full-time positions plus 250 temporary roles in the Montreal region.

Oxfam's latest report shows billionaire wealth surged by $2 trillion in 2024, with new billionaires minted daily. Discover how wealth inequality is widening globally.

The World Economic Forum kicks off in the Swiss Alpine resort on the same day as the presidential inauguration of Donald Trump.

Billionaire wealth has grown faster last year, and now the world can expect at least 5 trillionaires within a decade, even as the number of people in poverty has barely budged since 1990

Oxfam’s new report estimates that 54 percent of billionaire wealth is either inherited or stems from monopoly power.

The capture of our global economy by a privileged few has reached heights once considered unimaginable,” said the executive director of Oxfam International. An Oxfam report published Monday shows that the combined wealth of the world’s billionaires surged three times faster in 2024 than the previous year,

Costco's public stance in support of diversity, equity and inclusion programs contrasts with the positions taken in recent months by other big consumer brands.

As global elites arrive in Davos for the annual World Economic Forum, the global advocacy group Oxfam reported that billionaires' wealth increased three times faster in 2024 than the previous year, and it warned of an emerging “aristocratic oligarchy” with enormous political clout,

Behar said the planet's five richest people — Tesla CEO Elon Musk, LVMH owner Bernard Arnault, Amazon founder Jeff Bezos, Oracle founder Larry Ellison, and investor Warren Buffett — have seen their fortunes increase by 114 percent since 2020, and the prospect of someone amassing $1,000 billion — a trillion — is now very real.