Billionaire wealth surges to ‘unimaginable’ levels in 2024 as oxfam predicts emergence of five trillionaires within a decade

Billionaire wealth surged in 2024, as the world’s richest people Increasingly Benefited from Inheritance and Powerful Connections, According to Oxfam’s Latest Annual Inquity Report.

The combined wealth of the world’s most wealthy rose from $ 13 trillion to $ 15 trillion in just 12 months, the global charity said Sunday. It marks the second largest annual increase in billionaire Wealth Since Oxfam Records.

Meanwhile, the number of people living in Poverty has Barely Changed Since 1990, The Charity Said, Citing World Bank Data. The richest 1% of people more of 45% of all wealth, when 44% of humanity are living be the world bank poverty line of $ 6.85 per day, the data showed.

As the wealth of the world’s Richest People Accelerates at a Faster Pace Than Previous predicted, oxfam now expects to see at least five trillionaires with a decade.

“The capture of our global economy by a private

“The Failure to Stop Billionaires is now Spawning Soon-to-Bee Trillionaires.

The report highlights an increase in “unmerged wealth,” showing that 60% of billionaire wealth now come from inheritance, monopoly or the power of “CRONY CONECTIONS.”

Oxfam’s “takers not makers” Report comes as billionaire donald trump returns to the white house and 3,000 leaders from more than 130 counties prepare to take in the world ecolys forumic forumic forumic forumic forum.

Elon Musk, CEO of Tesla And close ally of trump, is on track To become the world’s first trillionaire by 2027, according to a report from informa connect academy. He’s Currently Worth About Around $ 440 Billion, The Bloomberg billionaires index Indicates.

Outgoing Us President Joe Biden This Week Warned of the Rise of an “Oligharchy taking shape in America of extreme wealth, power and influence.”

“People should be able to make as much as they can, but pay – play by the same rules, pay their fair share in taxes,” Biden said in his farewell address.

Oxfam is Urging on Governments to Commit to Ensuring that Income of the top 10% are no higher than the bottom 40% worldwide. Global Economic Rules Should Be Adjusted to Allow for the break-up of monopolies, and more corporate regulation and global tax policies should be adapted to ensure that rich pay their fairy sharing, acrossing to the fortyya.

Money that is flowing to the bank accounts of the supervise of mutt-needed investment in Teachers and Medicines is “Not just bad for the economy-it’s bad for humanity,” Said Oxfam ‘.

“So many of the so-called ‘self-made’ are acual heirs to vast fortunes, handed down through generations of Unearned Privilege. ing a new aristocracy where wealth and power stays locked in the hands of a few, “He said.