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

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

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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.

  1. GB
    Anna Marriott
    Oxfam
    1. Last year we predicted the first trillionaire could emerge within a decade, but this shocking acceleration of wealth means that the world is now on course for at least five. The global economic system is broken, wholly unfit for purpose as it enables and perpetuates this explosion of riches, while nearly half of humanity continues to live in poverty.
    2. Huge sums of money could be raised, to tackle inequality here in the UK and overseas and provide crucial investment for our public services. For the first time, with the groundbreaking G20 agreement to cooperate on taxing the world's super-rich [last July], there is genuine momentum to implement fairer taxation globally.
  2. KE
    Amitabh Behar
    Oxfam
    1. What you're seeing at the moment is a billionaire president taking oaths today, backed by the richest man. So this is pretty much the jewel in the crown of the global oligarchies.
    2. It's not about one specific individual. It's the economic system that we have created where the billionaires are now pretty much being able to shape economic policies, social policies, which eventually gives them more and more profit.
    3. The capture of our global economy by a privileged few has reached heights once considered unimaginable. The failure to stop billionaires is now spawning soon-to-be trillionaires. Not only has the rate of billionaire wealth accumulation accelerated – by three times – but so too has their power.

World's Economy

  1. IMF forecasts global slowdown, warns of rising risks to financial stability following Trump tariffs
  2. Global economic growth leaves poorest nations behind, World Bank warns of serious headwinds

sources

  1. 1.Al Jazeera
  2. 2.France 24
  3. 3.The Guardian
  4. 4.Forbes

perspectives

  1. 1.US Economy
  2. 2.Inflation
  3. 3.Trade Agreement
  4. 4.World Economy
  5. 5.Climate Change
  6. 6.Multilateralism
  7. 7.Artificial Intelligence
  8. 8.Protectionism
  9. 9.German Economy
  10. 10.Central Bank
  11. 11.Banking industry
  12. 12.Real estate

countries

  1. 1.SwitzerlandCH
  2. 2.GermanyDE
  3. 3.SpainES
  4. 4.FranceFR
  5. 5.United KingdomGB
  6. 6.IsraelIL
  7. 7.NigeriaNG
  8. 8.SudanSD
  9. 9.UkraineUA
  10. 10.United StatesUS

organizations

  1. 1.Oxfam
  2. 2.World Bank
  3. 3.World Economic Forum
  4. 4.Crown Worldwide
  5. 5.CVC
  6. 6.FacebookUS
  7. 7.G20
  8. 8.HamasPS
  9. 9.IWG
  10. 10.LVMH
  11. 11.MetaUS
  12. 12.Oracle

persons

  1. 1.Donald TrumpUS
  2. 2.Elon MuskUS
  3. 3.Amitabh BeharKE
  4. 4.Aliko Dangote
  5. 5.Anna MarriottGB
  6. 6.Bernard Arnault
  7. 7.Donald Mackenzie
  8. 8.Jeff BezosUS
  9. 9.Jim Thompson
  10. 10.Joe BidenUS
  11. 11.Larry Ellison
  12. 12.Mark Dixon

technicals

  1. 1.Takers Not Makers
  2. 2.Alps
  3. 3.Global Risks Report
Wealth of world's billionaires grows by $2tn in 2024, report highlights massive wealth disparity