As the world economic forum kicks off in Davos, Oxfam is putting the spotlight on wealth inequality. According to the anti-poverty group, billionaires' wealth increased three times faster last year than in 2023.

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 charity reported that the wealth of the world's billionaires grew from $13 trillion to $15 trillion in 2024, a rate that is three times faster than in 2023.

In response to President Trump appearing at this year's World Economic Forum remotely via video conference, Nabil Ahmed, Oxfam America’s Director of Economic and Racial Justice, said: “President Trump’s decision to dial into Davos—which now looks ...

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

The world is set to witness the emergence of five trillionaires within the next decade, according to Oxfam's latest inequality

Last year marked the second-largest annual increase in billionaire wealth since records started, according to Oxfam.

Oxfam International's Executive Director Amitabh Behar described the World Economic Forum's Annual Meeting as filled with 'nervous energy'. The event lacked focus on marginalized communities facing inequality.

Oxfam’s new report estimates that 54 percent of billionaire wealth is either inherited or stems from monopoly power.

The World Economic Forum in Davos, Switzerland, is underway this week — and there are calls for taxing the extremely rich to address global inequality.

The Oxfam report, which draws on data compiled by Forbes, is timed to coincide with the kickoff of the annual World Economic Forum meeting in Davos, Switzerland, an elite gathering of some of the richest people and world leaders. Its release also comes the ...

As the global political economy faces a critical test, global leaders should urgently prioritise strengthening democratic governance and social safeguards in trade rather than undermining them. ITUC General Secretary Luc Triangle took this key message to the 2025 World Economic Forum (WEF) Annual Meeting.