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

In 2024, billionaires’ wealth grew three times faster than the previous year, with Oxfam International predicting the emergence of at least five trillionaires in the next decade. The group called for governments to tax the rich, reduce inequality, and dismantle the new aristocracy, highlighting the dangerous concentration of power in the hands of the ultra-wealthy. Despite the growing wealth gap, the annual Davos meeting is expected to focus on making money, with concerns about conflicts between countries, extreme weather, economic confrontation, and societal polarization among the top issues.

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