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 is set to witness the emergence of five trillionaires within the next decade, according to Oxfam's latest inequality
Oxfam’s new report estimates that 54 percent of billionaire wealth is either inherited or stems from monopoly power.
The world's richest accumulated massive wealth in 2024, which some speculate could reach even greater heights in the next few years.
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.
In total, billionaire wealth skyrocketed by $2 trillion, adding more than 200 individuals to this cohort. The accumulation of riches at the very top is going so unchecked that Oxfam estimates there will be five trillionaires within the coming decade.
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,
Costco shareholders rejected a proposal urging the wholesale club operator to evaluate any risks posed by its diversity, equity and inclusion practices. According to preliminary results shared by Costco executives at its annual meeting Thursday, more than 98% of shares voted against the proposal.
In 2024, the wealth of the world’s billionaires soared by an astounding $2 trillion (£1.64 trillion), a growth rate three times faster than the previous year, a
Why would Oxfam, a once-respected charity, publish a careless and ill thought-out piece of propaganda such as its latest pamphlet, Takers not Makers: The Unjust Poverty and Unearned Wealth of Colonialism?
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.