Ahead of today’s inauguration of President Donald Trump, Oxfam America President and CEO Abby Maxman released the followin

Billionaire wealth surged in 2024, as the world’s richest people increasingly benefited from inheritance and powerful connections, Oxfam said in its annual inequality report.

The world's richest accumulated massive wealth in 2024, which some speculate could reach even greater heights in the next few years.

Oxfam report said billionaire wealth grew by $2 trillion last year, or roughly $5.7 billion a day, three-times faster than in 2023.

Suspending funding "could have life or death consequences" for children and families around the world, warned the head of Oxfam America.

Billionaire wealth surged last year, with the world's richest individuals adding $2 trillion to their pockets in 2024, according to a new report released Monday.

Oxfam’s new report estimates that 54 percent of billionaire wealth is either inherited or stems from monopoly power.

Billionaire wealth in Ireland increased by €35.6 million per day, Oxfam Ireland said upon the January 20 publication of Oxfam's "Takers Not Makers" report. There were two new billionaires in Ireland last year, Oxfam Ireland said on Monday, adding that Irish billionaire wealth could carpet the whole of Phoenix Park in €50 notes almost 1.5x over.

Oxfam Ireland CEO predicts incoming US president Donald Trump will 'slash taxes for the ultra-rich and mega-corporations at the expense of everyone else'

President Donald Trump moved on Wednesday to re-designate the Iran-proxy Houthi militia as a Foreign Terrorist Organization, as he continues to undo the policies of former President Joe Biden.

The president offers no evidence to support the accusations in tragic collision.