Oxfam report shows billionaire wealth grew by $2 trillion in 2024

A new Oxfam report reveals that billionaire wealth increased by $2 trillion in 2024, reaching a total of $15 trillion. This growth was three times faster than in previous years. The report, titled "Takers, not Makers," highlights that even if the ten richest people lost most of their wealth, they would still be billionaires. Oxfam calls for governments to tax the wealthy to reduce inequality and address historical injustices linked to colonialism. The report emphasizes that much of billionaire wealth is unearned and warns of the growing power of the ultra-rich.