Anti-poverty group says billionaires' wealth soared in 2024 as the elites prepare for another Davos
- Billionaires' wealth grew three times faster in 2024 than in 2023, according to Oxfam International's report timed with the World Economic Forum meeting in Davos, Switzerland.
- Oxfam predicts at least five trillionaires will appear in the next decade, up from an earlier forecast of one trillionaire.
- The report highlights that the number of people living in poverty has barely changed since 1990, with 44% of humanity living below the World Bank poverty line of $6.85 per day.
- Oxfam urges governments to adjust global economic rules to ensure the incomes of the top 10% do not exceed those of the bottom 40% worldwide.
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Total News Sources0
Leaning Left14Leaning Right8Center13Last UpdatedBias Distribution40% Left
Bias Distribution
- 40% of the sources lean Left
40% Left
L 40%
C 37%
R 23%
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