Comment & Analysis
Billionaire wealth surges by $2 trillion in 2024, three times faster than the year before, while the number of people living in poverty has barely changed since 1990
Oxfam predicts there will be at least five trillionaires a decade from now. 204 new billionaires were minted in 2024, nearly four every week. Sixty percent of billionaire wealth is now derived from inheritance, monopoly power or crony connections, as Oxfam argues that “extreme billionaire wealth is largely unmerited.” Richest…
Continue Reading
Subscribe to unlock the full article and access premium financial content.
Click here to read the full story: Oxfam