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Oxfam reports billionaires' wealth grows three times faster in 2024

newser.com — January 22, 2025 at 02:02 AM UTC

Oxfam International reported that billionaires' wealth grew three times faster in 2024 than in 2023, coinciding with the World Economic Forum in Davos. The group noted that billionaire wealth increased by $2 trillion, averaging $5.7 billion daily. The number of billionaires rose by 204, reaching a total of 2,769. Oxfam also predicts that at least five trillionaires will emerge in the next decade, up from a previous forecast of one. Despite the wealth increase among the elite, Oxfam stated that global poverty levels have not significantly changed since 1990. The report highlights ongoing concerns about wealth concentration among the ultra-rich.

With a significance score of 4.2, this news ranks in the top 8% of today's 18154 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 9000 minimalists.

Timeline:

[4.7]

Billionaire wealth reaches $15 trillion as number of billionaires grows to 2,769 (nbcnews.com)

50d 13h

[4.8]

Wealth accumulation accelerates as nearly four new billionaires emerge each week in 2024 (cnbc.com)

50d 15h

[4.5]

Oxfam warns of potential first trillionaire as global inequality rises (timesnownews.com)

51d 6h

[4.5]

Billionaire wealth surges by $2 trillion as Oxfam warns of rising inequality at Davos (timesnownews.com)

51d 7h

[4.2]

Oxfam reports billionaires' wealth grows three times faster in 2024 (newser.com)

51d 10h

[3.6]

Billionaires' wealth surges as Oxfam predicts rise of trillionaires within a decade (dailymail.co.uk)

52d 14h

[5.0]

Billionaire wealth rises by $2 trillion in 2024 as Oxfam forecasts five trillionaires in next decade (euronews.com)

52d 19h

[4.6]

Elon Musk could become a trillionaire by 2027 as billionaire wealth surges (thedailybeast.com)

52d 21h

[4.2]

Irish billionaires see €13 billion wealth increase as Davos meeting begins (thejournal.ie)

53d 1h

[4.4]

Oxfam reports billionaires' wealth surged by $2 trillion in 2024 as new billionaires emerge weekly (aljazeera.com)

53d 3h

[4.2]

Oxfam report predicts five billionaires could reach $1 trillion in wealth by 2035 (timesnownews.com)

53d 3h

[4.6]

Oxfam reports surge in billionaire wealth, warns of rising oligarchy (rfi.fr)

53d 4h

[4.8]

Oxfam report shows billionaire wealth surged by nearly $3 trillion in 2023 (sbs.com.au)

53d 6h

[3.6]

Wealth of Republic of Ireland's billionaires rises by €13 billion in 2024 (irishtimes.com)

53d 6h

[4.9]

Billionaires' wealth grows three times faster in 2024, Oxfam reports ahead of Davos (news.yahoo.com)

53d 7h

[4.5]

Oxfam report shows billionaire wealth grew by $2 trillion in 2024 (businesstoday.in)

53d 7h

[5.0]

Oxfam report shows billionaires' wealth grows three times faster in 2024 ahead of Davos (news.yahoo.com)

53d 7h

[4.7]

Oxfam warns of rising oligarchy as global elites gather in Davos (inquirer.net)

53d 8h

[5.0]

Oxfam reports billionaires' wealth surged in 2024 ahead of Davos meeting (news.yahoo.com)

53d 9h

[5.4]

Billionaires' wealth surges in 2024 as poverty levels remain stagnant, Oxfam reports (clickondetroit.com)

53d 9h

[5.0]

Billionaires' wealth grows three times faster in 2024 as Davos meeting approaches (economictimes.indiatimes.com)

53d 9h

[4.8]

Billionaires' wealth surges in 2024 as poverty levels remain stagnant, Oxfam reports (gazette.com)

53d 9h

[5.4]

Billionaires' wealth surges in 2024 as poverty levels remain stagnant, Oxfam reports (abcnews.go.com)

53d 9h

[4.5]

Billionaire wealth rises by $2 trillion in 2024, Oxfam reports (ndtv.com)

53d 9h

[4.7]

Billionaire wealth surges in 2024 as poverty levels remain stagnant, Oxfam reports (independent.co.uk)

53d 9h

[3.8]

Oxfam warns of rising oligarchy as global elites gather in Davos (legit.ng)

53d 10h

[4.7]

Oxfam report predicts five individuals could become world's first trillionaires by 2035 (edition.cnn.com)

53d 10h

[4.5]

Oxfam warns of growing wealth gap as elites gather in Davos (sg.news.yahoo.com)

53d 10h

[4.4]

Billionaire wealth surges by $3 trillion in 2024, Oxfam reports (abc.net.au)

53d 11h

[4.1]

Oxfam report reveals Australian billionaires earn A$67,000 an hour as wealth rises 8% (news.yahoo.com)

53d 11h

[4.5]

Billionaire wealth rises by $2 trillion in 2024, Oxfam report shows (news.yahoo.com)

53d 11h

[5.4]

Billionaire wealth rises to $15 trillion in 2024 as Oxfam forecasts five trillionaires by 2034 (cnbc.com)

53d 11h

[3.6]

UK billionaires' wealth rises by £35 million daily in 2024, Oxfam reports (standard.co.uk)

53d 11h