Billionaire wealth surged last year, with the world's richest individuals adding $2 trillion to their pockets in 2024, according to a new report released Monday.

In response to President Trump appearing at this year's World Economic Forum remotely via video conference, Nabil Ahmed, Oxfam America’s Director of Economic and Racial Justice, said: “President Trump’s decision to dial into Davos—which now looks ...

Billionaire wealth surged in 2024, as the world’s richest people increasingly benefited from inheritance and powerful connections, Oxfam said in its annual inequality report.

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

As the global political economy faces a critical test, global leaders should urgently prioritise strengthening democratic governance and social safeguards in trade rather than undermining them. ITUC General Secretary Luc Triangle took this key message to the 2025 World Economic Forum (WEF) Annual Meeting.

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

Oxfam International's Executive Director Amitabh Behar described the World Economic Forum's Annual Meeting as filled with 'nervous energy'. The event lacked focus on marginalized communities facing inequality.

The world is set to witness the emergence of five trillionaires within the next decade, according to Oxfam's latest inequality

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

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

The World Economic Forum in Davos, Switzerland, is underway this week — and there are calls for taxing the extremely rich to address global inequality.

Oxfam’s ‘Million Pound Pint’ campaign aims to highlight the disparity between the super-rich and the rest of the population.