DAVOS, Switzerland (AP) — Billionaires' wealth grew three times faster in 2024 than the year before, a top anti-poverty group reported on Monday as some of the world's political and financial elite ...

a top anti-poverty group reported on Monday as some of the world's political and financial elite prepared for an annual gathering in Davos, Switzerland. Oxfam International, in its latest ...

"Trillions are being gifted in inheritance, creating a new aristocratic oligarchy that has immense power in our politics and our economy," Oxfam said in its traditional annual pre-Davos report on ...

"If the report has that impact, then it would be effective." But he notes that in reality, Davos was born in the 1990s at the peak of globalization – a time when the Oxfam report had more influence on ...

a top anti-poverty group reported on Monday as some of the world's political and financial elite prepared for an annual gathering in Davos, Switzerland. Oxfam International, in its latest ...

A British activist holds a sign during a protest against the WEF meeting in Davos [File: Fabrice Coffrini/AFP] On average, the wealth of a single billionaire increased by $2m a day, Oxfam said.

Advertisement As it does ahead of each Davos Forum, the Britain-based non-governmental organization Oxfam International released its annual report on the worsening state of global inequality.

Oxfam International reported that billionaires' wealth increased three times faster in 2024 than in 2023, outpacing the previous year's growth. Ahead of the World Economic Forum in Davos, the group ...

Shannon McDonagh is a Newsweek content reporter based in London. Her focus is reporting breaking wire stories across international politics and social issues. She has covered culture, politics and ...