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

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

Ahead of today’s inauguration of President Donald Trump, Oxfam America President and CEO Abby Maxman released the followin

On money extracted from India by the UK during over 100 years of colonialism between 1765 and 1900, Oxfam said that beyond the richest, the main beneficiaries of colonialism were the newly emergent middle class.

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.

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.

Over the course of colonialism from 1765 to 1900, the United Kingdom (UK) drew an astounding $ 64.82 trillion from India, as per the latest annual report on global inequality by rights group Oxfam International.

Business & Economy, the British empire looted $64.82 trillion from India. Of this, $33.8 trillion went straight into the pockets of the richest 10 per cent of Britons, The Oxfam report also highlights the devastating human toll of British rule in India.

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.

The charity, which is focused on tackling global poverty, has revealed that the combined wealth of the world's richest people rose from £10.5 trillion to £12.1 trillion in the last 12 months.