Billionaires are multiplying, and 60% earn their wealth through ‘inheritance, cronyism, or monopoly power,’ Oxfam writes
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
How 2024 Saw Boom For Billionaires
The world's richest accumulated massive wealth in 2024, which some speculate could reach even greater heights in the next few years.
businessday3d
Five trillionaires expected within a decade, says Oxfam
The world is set to witness the emergence of five trillionaires within the next decade, according to Oxfam's latest inequality
financial-world7d
These five billionaires could hit $1 trillion in wealth by 2035
Currently the richest man in the world, Elon Musk, with earnings of 430 billion dollars, could become a trillionaire in a few years.
New York Post7d
French luxury giant LVMH denies responsibility for rusty, deteriorating Olympic medals
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.
Report says when the world will have its first trillionaires, it's soon
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.
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Poverty Levels Stagnant But World Readies For Trillionaires, At Least 5 Of Them: Oxfam
The report stressed that much of today's billionaire wealth is unearned, often linked to monopolies, cronyism, or inheritance
Musk, Zuckerberg and Huang among 5 people now expected to become trillionaires within 10 years
Elon Musk, Mark Zuckerberg and Jensen Huang are among those expected to hit trillionaire status, with Oxfam suggesting that there will be five within the next 10 years. Within the next ten years five people will hold the title of trillionaire—with a 13-figure fortune to their name—according to a new study from Oxfam.
Arab Times7d
Musk, Zuckerberg, and Huang among 5 set to become trillionaires in the next decade
According to a new study by Oxfam, five individuals are projected to reach trillionaire status within the next decade, each amassing a
The Trillionaire Era: Five Billionaires Poised to Break the $1 Trillion Mark in the Next Decade
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.
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Elon Musk, Mark Zuckerberg, Jensen Huang to reach trillionaire status in next 10 years, new study says
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
Oxfam America6d
Trump administration "threatening the lives and futures of communities in crisis" by suspending U.S. foreign assistance — Oxfam
In response to President Trump announcing a suspension of US foreign assistance, Oxfam America President & CEO Abby Maxman said: “The United States is at its best when we are living into our values and helping people to live lives of security ...