As the world economic forum kicks off in Davos, Oxfam is putting the spotlight on wealth inequality. According to the anti-poverty group, billionaires' wealth increased three times faster last year than in 2023.

A leading NGO warned Monday of an emerging “aristocratic oligarchy” with massive political clout and primed to profit from Donald Trump’s presidency,

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,

Follow The Hindu’s updates of Day 1 of the World Economic Forum 2025, in Davos, Switzerland, on January 20, 2025

Move over billionaires. The first trillionaires are on their way.

The world will soon have five trillionaires. New research shows this will happen within a decade. Who will they be?

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

The development organization Oxfam predicts that the world’s first trillionaires could emerge within the next decade. The report highlights that the wealth of the ten richest billionaires has grown by an average of $100 million per day over the past ten years.

At least five people will become trillionaires within the next decade as billionaire wealth surges to “shocking” levels, says charity Oxfam.

Billionaire wealth across the globe surged by USD 2 trillion in 2024 to USD 15 trillion at a rate three times faster than the previous year, a study showed on Monday here as the richest of the world began to assemble for their annual jamboree in this ski resort town.

Group’s report comes as the world’s political and financial elite prepare for an annual gathering in Davos, Switzerland.