Move over billionaires. The first trillionaires are on their way.
The world's richest accumulated massive wealth in 2024, which some speculate could reach even greater heights in the next few years.
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.
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.
The world is set to witness the emergence of five trillionaires within the next decade, according to Oxfam's latest inequality
At current trends the charity Oxfam predicts up to five trillionaires are expected to emerge within the next decade.
The World Economic Forum kicks off in the Swiss Alpine resort on the same day as the presidential inauguration of Donald Trump.
The world could soon see its first trillionaires, with five individuals projected to reach the milestone within the next decade if current trends persist, according to Oxfam's annual inequality report released Sunday reported CNN Business.
Oxfam report said billionaire wealth grew by $2 trillion last year, or roughly $5.7 billion a day, three-times faster than in 2023.
Five people are expected to amass at least $1 trillion in wealth within the next decade, if current trends continue, according to Oxfam’s annual inequality report, released Sunday. Tesla and ...
Oxfam’s “Takers Not Makers” report comes ... World Economic Forum’s annual meeting in Davos. Elon Musk, CEO of Tesla and a close ally of Trump, is on track to become the world’s first ...
But nothing all that golden is minting these new wealthy individuals.“Most billionaire wealth is taken, not earned, 60% comes from either inheritance, cronyism and corruption or