At current trends the charity Oxfam predicts up to five trillionaires are expected to emerge within the next decade.

Billionaire wealth across the globe surged by USD 2 trillion in 2024 to USD 15 trillion at a rate three times faster than the previous year, a study showed on Monday here as the richest of the world began to assemble for their annual jamboree in this ski resort town.

Move over billionaires. The first trillionaires are on their way.

Costs should be borne by the richest, who benefited the most from colonialism, says charity

The wealth of the world's super-rich is growing ever faster, a study published on Monday by the development organization Oxfam has shown ahead of the World Economic Forum (WEF) in Davos. According to the report,

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,

Oxfam Nigeria, a non-profit organisation, has warned that the wealth gap in Nigeria has reached crisis levels, with 70 percent of the population experiencing hunger.

The UK extracted USD 64.82 trillion from India over a century of colonialism between 1765 and 1900 and USD 33.8 trillion of this went to the richest 10 per cent -- enough money to carpet London in notes of 50 British pound almost four times over.

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

Oxfam’s 'Takers, Not Makers' report reveals Britain extracted $64.82 trillion from India during colonialism, enriching the UK's elite and middle class

In the United States, we are inaugurating a president who is of and for billionaires and an administration that is set to be the richest in history. There are at least 13 billionaires appointed to administration jobs, including Elon Musk, the richest man in the world.