Oxfam says world ruled by “aristocratic oligarchy,” as billionaire wealth surges by $2 trillion
The charity reported that the wealth of the world's billionaires grew from $13 trillion to $15 trillion in 2024, a rate that ...
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Billionaire wealth growing faster than ever before, says Oxfam report
There is increasing disparity in the world today as an "aristocratic oligarchy" is amassing wealth wealth at unforeseen levels, a report published by development organization Oxfam said on Monday.
‘We're in the era of the billionaire,' human rights expert says. Here's why wealth accumulation is accelerating
In 2024, an average of nearly four new billionaires were coined every week, according to Oxfam. Much of their wealth will be ...
Billionaires are multiplying, and 60% earn their wealth through ‘inheritance, cronyism, or monopoly power,’ Oxfam writes
In total, billionaire wealth skyrocketed by $2 trillion, adding more than 200 individuals to this cohort. The accumulation of ...
How global inequalities hinder climate action
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For nearly 80 years, HSBC Trustee has been helping families preserve wealth and legacy
Asia-Pacific set for an intergenerational wealth transfer estimated at US$5.8 trillion, but HSBC report finds many families ...
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‘We're in the era of the billionaire,' human rights expert says. Here's why wealth accumulation is accelerating
The combined wealth of the world's most wealthy rose to $15 trillion from $13 trillion in just 12 months, according to Oxfam's latest annual inequality report — notching the second largest ...