Billionaire wealth surged to previously “unimaginable” heights in 2024, leading experts to predict that at least five people will become trillionaires within a decade, according to a new report from Oxfam International.

Tesla CEO Elon Musk is widely expected to be the world's first trillionaire. © 2024 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes ...

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.

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.

Former Commerce Secretary Wilbur Ross said Elon Musk’s Department of Government Efficiency — the cost-slashing advisory body known as DOGE — should train its sights on the World Bank after it was accused of losing track of $24 billion in climate funding.

Oxfam and its supporters warn that such concentrations ... net worth of just over $2 trillion—with Trump supporter Elon Musk the world's richest man, worth an estimated $449 billion as of ...

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.

Billionaire wealth in Ireland increased by €35.6 million per day, Oxfam Ireland said upon the January 20 publication of Oxfam's "Takers Not Makers" report. There were two new billionaires in Ireland last year, Oxfam Ireland said on Monday, adding that Irish billionaire wealth could carpet the whole of Phoenix Park in €50 notes almost 1.5x over.

Oxfam pointed out that Tesla and X owner Elon Musk helped to bankroll Trump's campaign. "The crown jewel of this oligarchy is a billionaire president, backed and bought by the world's richest man Elon Musk, running the world's largest economy," said the ...

Oxfam report said billionaire wealth grew by $2 trillion last year, or roughly $5.7 billion a day, three-times faster than in 2023.

There is increasing disparity in the world today as an "aristocratic oligarchy" is amassing wealth at unforeseen levels, a report published by development organization Oxfam said. Published ahead of the World Economic Forum (WEF) in Davos,

Elon Musk, Mark Zuckerberg and Jensen Huang are among those expected to hit trillionaire status, with Oxfam suggesting that there will be five within the next 10 years. Within the next ten years five people will hold the title of trillionaire—with a 13-figure fortune to their name—according to a new study from Oxfam.