Billionaires' wealth soared in 2024, a top anti-poverty group said ahead of an annual gathering in Davos, Switzerland of some of the world's political and financial elite.

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

Billionaires' wealth grew three times faster in 2024 than the year before, a top anti-poverty group reported Jan. 20 as some of the world's political and financial

Within a decade, the world could witness the emergence of its first trillionaire, Oxfam International warns in its latest inequality report. Released during the World Economic Forum in Davos, the report underscores a stark reality: the wealth of the top five billionaires has more than doubled since the pandemic,

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.

Billionaire wealth grew by $2tn in 2024, three times faster than the previous year, according to Oxfam's latest report on wealth. View on euronews

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.

At current trends the charity Oxfam predicts up to five trillionaires are expected to emerge within the next decade.

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

OxFam International’s research adds weight to a warning by outgoing President Joe Biden last week of a “dangerous concentration of power in the hands of very few ultra-wealthy people.”

Oxfam's annual inequality report shows the rapid acceleration of wealth accumulation by the world's richest in 2024, as 44 percent of the world continues to live in poverty. FRANCE 24's Business