Wealth of world's billionaires grows by $2tn in 2024, report highlights massive wealth disparity

A recent report by Oxfam International indicates that the combined wealth of the world's billionaires increased by $2 trillion in 2024, reaching a total of $15 trillion. This represents a significant acceleration in wealth growth, with the wealth of billionaires rising three times faster than in 2023. According to Oxfam's research, the number of billionaires worldwide increased by 204, reaching a total of 2,769. The report also notes that at least four new billionaires were created every week in 2024.