Billionaires' wealth soared in 2024, a top anti-poverty group said ahead of an annual gathering in Davos, Switzerland of some of the world's political and financial elite.

Billionaire wealth surged last year, with the world's richest individuals adding $2 trillion to their pockets in 2024, according to a new report released Monday.

The anti-poverty group Oxfam International’s latest report on global inequality is calling for caps on CEO pay, better salaries for workers.

Group’s report comes as the world’s political and financial elite prepare for an annual gathering in Davos, Switzerland.

Oxfam's annual inequality report shows the rapid acceleration of wealth accumulation by the world's richest in 2024, as 44 percent of the world continues to live in poverty. FRANCE 24's Business

According to Oxfam International, the wealth of billionaires globally grew three times faster in 2024 compared to the previous year, just as many of

Move over billionaires. The first trillionaires are on their way.

The World Economic Forum kicks off in the Swiss Alpine resort on the same day as the presidential inauguration of Donald Trump.

The wealth of the world’s super-rich is growing ever faster. Oxfam published a study on Monday revealing there were 2769 billionaires worldwide in 2024 – an increase of 204 compared to the previous year.

Imagine earning $3.5 million ($US2 million) a day - that was the average daily income for the world's billionaires last year.

As global elites arrive in Davos for the annual World Economic Forum, the global advocacy group Oxfam reported that billionaires' wealth increased three times faster in 2024 than the previous year,