Billionaires’ wealth soared in 2024, anti-poverty group says

The view of the village of Davos with the The Congress Center, center, where the annual meeting of World Economic Forum will take place (Markus Schreiber/AP)

Billionaires’ wealth grew three times faster in 2024 than the year before, a top anti-poverty group reported on Monday as some of the world’s political and financial elite prepared for an annual gathering in Davos, Switzerland.

Oxfam International, in its latest assessment of global inequality timed to the opening of the World Economic Forum meeting, also predicts at least five trillionaires will crop up over the next decade.