Oxfam's Report Warns of Growing Billionaire Wealth and Stagnant Global Poverty at Davos 2025

Oxfam International unveils alarming stats on billionaire wealth growth and persistent poverty, coinciding with the World Economic Forum in Davos.

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Overview

A summary of the key points of this story verified across multiple sources.

Oxfam's latest report reveals that billionaire wealth surged by $2 trillion in 2024, outpacing previous growth rates, as nearly half the global population remains impoverished. With a focus on the World Economic Forum in Davos, the report warns of increasing oligarchic wealth concentration, predicting five trillionaires may emerge in the next decade. Key findings include that 60% of billionaire wealth stems from inheritance and monopolistic practices, with Oxfam calling for urgent reforms to tackle economic inequality.

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