Anti-poverty group says billionaires' wealth soared in 2024 as the elites prepare for another Davos

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Anti-poverty group says billionaires' wealth soared in 2024 as the elites prepare for another Davos
Donald TrumpElon MuskOxfam International
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Billionaire's wealth has grown faster last year, and now the world can expect at least 5 trillionaires within a decade, even as the number of people in poverty has barely budged since 1990.

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The World Economic Forum expects to host some 3,000 attendees, including business executives, academics, government officials, and civic group leaders at its annual meeting in the Alpine village of Davos., who visited Davos twice during his first term and was set to take the oath of office on Monday, is expected to take part in the forum’s event by video on Thursday.

Like Biden’s call for making billionaires “begin to pay their fair share” through the U.S. tax code, Oxfam — a global advocacy group — called on governments toThe group called for steps like the break-up of monopolies, capping CEO pay, and regulation of corporations to ensure they pay “living wages” to workers., with strong performances for top tech companies and stock-market indexes like the S&P 500, as well as the price of gold and cryptocurrencies like Bitcoin.

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