According to Oxfam's report, the wealth of the world's billionaires increased by $2 trillion last year, three times the growth rate observed in 2023.
Oxfam warns that despite this increase in billionaire wealth, nearly 3.6 billion people still live under the World Bank's poverty line, highlighting the disparity.
The report predicted the emergence of five trillionaires within a decade, a significant increase from last year's forecast of only one about to emerge.
Oxfam stressed that resolving extreme poverty could be accelerated significantly if inequality is addressed, urging a focus on equitability.
#billionaire-wealth #poverty-inequality #oxfam-report #world-economic-forum #global-economic-disparity
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