Billionaire wealth surged by $2 trillion in 2024, growing three times faster than the previous year, as global inequality widened, Oxfam reported during Davos. The group warns of a "new aristocracy," with at least five trillionaires expected by 2034.

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

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.

Here in Davos, the annual mid-winter WEF gathering at the exclusive Alpine resort has long been plagued by accusations of excessive privilege, with criticism intensifying amid growing economic inequality. The Oxfam Inequality Report — typically released ...

According to Oxfam, Irish billionaire wealth could carpet the whole of Phoenix Park in €50 notes almost 1.5 times over

In 2024, the number of billionaires rose to 2,769 while their combined wealth surged from $13 trillion to $15 trillion

The 2025 Davos theme, "Collaboration for the Intelligent Age," highlights the wealth inequalities that LCDs face.

Malawi’s richest 10 percent are in control of about a third of the national income, highlighting persisting inequality gaps, an Oxfam study report has shown. In contrast, the 2024 report launched yesterday also found that the poorest 10 percent hold less than two percent of wealth.

Prime Minister Meloni is in Washington, D.C. to attend Trump's inauguration as 47th President of the United States She is

Critics argue this surge in ultra-wealth worsens inequality, fueling calls for stronger taxes and regulation.

New poll shows millionaires deeply concerned about impact of extreme wealth as more than 370 millionaires and billionaires sign open letter to world