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Global Inequality Soars: Billionaires' Wealth Jumps $2 Trillion

1/21/2025

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Summary

Story summary

Oxfam's report "Takers Not Makers" shows billionaire wealth surged by $2 trillion in 2024, tripling the growth rate of 2023.
The wealthiest 1% now hold 45% of global wealth, while 44% of people survive on under $6.85 daily.
Global poverty rates remain stagnant since 1990, highlighting persistent inequality.
The report cautions against rising trillionaires and critiques policies benefiting the affluent.
Protests at the World Economic Forum in Davos demand increased taxation on the wealthy.

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Story summary

Oxfam's report "Takers Not Makers" shows billionaire wealth surged by $2 trillion in 2024, tripling the growth rate of 2023.
The wealthiest 1% now hold 45% of global wealth, while 44% of people survive on under $6.85 daily.
Global poverty rates remain stagnant since 1990, highlighting persistent inequality.
The report cautions against rising trillionaires and critiques policies benefiting the affluent.
Protests at the World Economic Forum in Davos demand increased taxation on the wealthy.