Billionaires are multiplying, and 60% earn their wealth through ‘inheritance, cronyism, or monopoly power,’ Oxfam writes
But nothing all that golden is minting these new wealthy individuals.“Most billionaire wealth is taken, not earned, 60% comes ...
Billionaire wealth surges to ‘unimaginable' levels in 2024 as Oxfam predicts emergence of five trillionaires within a decade
Last year marked the second-largest annual increase in billionaire wealth since records started, according to Oxfam.
Oxfam says world ruled by “aristocratic oligarchy,” as billionaire wealth surges by $2 trillion
The charity reported that the wealth of the world's billionaires grew from $13 trillion to $15 trillion in 2024, a rate that ...
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Trump Inauguration dubbed 'a coronation of our country's descent into oligarchy'
Donald Trump was sworn in Monday as the 47th president of the United States with some of the richest people on the planet ...
Oxfam says Musk backing Trump is the ‘crown jewel of global oligarchies’
Oxfam report said billionaire wealth grew by $2 trillion last year, or roughly $5.7 billion a day, three-times faster than in ...
CNBC Daily Open: Investors are gearing up for Trump 2.0
The S&P 500 largely erased its post-election gains the past few weeks. As Trump’s inauguration nears, investors seem ready to ...
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Aussie billionaires make $67k per hour: Oxfam
Australian billionaires earn $67,000 an hour, according to a new report from Oxfam, which is 1300 times more than what everyday workers make.
$150 million a day: The world's richest men's wealth soared last year, Oxfam says
The wealth of the world's 10 richest men grew US$100 million ($160 million) an hour on average last year, according to Oxfam's Takers Not Makers report, published on Monday.
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Oxfam Warns Of 'Aristocratic Oligarchy' As Elites Descend On Davos Forum
The World Economic Forum kicks off in the Swiss Alpine resort on the same day as the presidential inauguration of Donald ...