Oxfam’s latest inequality report, unveiled on the eve of the World Economic Forum in Davos, projects that five billionaires, led by Elon Musk, are set to surpass $1 trillion in wealth within a decade.
The world is set to witness the emergence of five trillionaires within the next decade, according to Oxfam's latest inequality
The world's richest accumulated massive wealth in 2024, which some speculate could reach even greater heights in the next few years.
But nothing all that golden is minting these new wealthy individuals.“Most billionaire wealth is taken, not earned, 60% comes from either inheritance, cronyism and corruption or
Currently the richest man in the world, Elon Musk, with earnings of 430 billion dollars, could become a trillionaire in a few years.
French luxury conglomerate LVMH is denying reports that it is responsible for deteriorating and rusting Olympic medals that were handed out to athletes during the Summer Games in Paris last year.
The report stressed that much of today's billionaire wealth is unearned, often linked to monopolies, cronyism, or inheritance
The world could soon see its first trillionaires, with five individuals projected to reach the milestone within the next decade if current trends persist, according to Oxfam's annual inequality report released Sunday reported CNN Business.
Billionaire wealth grew three times faster in 2024 than it did in 2023, Oxfam reported, citing data from Forbes. The increase in the world’s super-rich over the past 12 months has been
File - Amazon founder Jeff Bezos arrives at the Vanity Fair Oscar Party on March 12, 2023, in Beverly Hills, Calif. A recent report from anti-poverty organization Oxfam highlighted how the ...
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