Billionaire's wealth has grown faster last year, and now the world can expect at least 5 trillionaires within a decade, even as the number of people in poverty has barely budged since 1990.

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.

Billionaires' wealth grew three times faster in 2024 than the year before, while the number of the world’s poor has barely changed over the last quarter-century, a top anti-poverty group reported Monday.

Oxfam's latest report shows billionaire wealth surged by $2 trillion in 2024, with new billionaires minted daily. Discover how wealth inequality is widening globally.

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.

Billionaire wealth surged globally by $2 trillion in 2024, reaching a total of $15 trillion in 2024, growing at a pace three times faster than the previous year, a report revealed ahead of the World Economic Forum Annual Meeting.

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