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.

Billionaire wealth surged in 2024, as the world’s richest people increasingly benefited from inheritance and powerful connections, Oxfam said in its annual inequality report.

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

As per Oxfam report titled ‘Takers Not Makers,’ billionaire wealth grew by $2 trillion in 2024 alone, equivalent to roughly $5.7 billion a day, at a rate three times faster than 2023. ‘An average of nearly four new billionaires were minted every week,

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,

Davos- Billionaire wealth across the globe surged by USD 2 trillion in 2024 to USD 15 trillion at a rate three times faster than the previous year,

Oxfam report said billionaire wealth grew by $2 trillion last year, or roughly $5.7 billion a day, three-times faster than in 2023.

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

Oxfam states that global supply chains are primarily controlled by substantial MNCs. These corporations profit from inexpensive labor and the ongoing resource extraction from the Global South. They retain the lion's share of profits and maintain a cycle of dependence, exploitation, and control through economic strategies.

In its annual report on global inequity, titled 'Takers, not Makers,' Oxfam International has cited several studies to claim that the modern multinational corporation is a creation of colonialism. The

Oxfam highlighted that 44% of the world’s population currently lives on less than 6.85 US dollars per day, according to data from the World Bank.

Billionaire wealth surged by $2 trillion in 2024, growing at an unprecedented rate, raising concerns about global inequality.