Billionaires Hold Increased Wealth and Political Influence, Oxfam Reports

Charity says superrich 4,000 times more likely to hold political power than others, and own all social media companies, in report released to coincide with the opening of the WEF’s annual meeting in Davos.

Oxfam’s annual report highlights that billionaires are 4,000 times more likely to hold political office than average citizens, emphasizing their increasing control over politics and media as their wealth surged by $2.5 trillion in 2025. The report, released at the World Economic Forum in Davos, points to a widening wealth gap and rising protests globally, with Oxfam calling for governments to prioritize public needs over elite interests. High-profile billionaires like Elon Musk and Jeff Bezos are cited as examples of this trend. Oxfam warns that this concentration of wealth and power is creating a dangerous political deficit, undermining democracy and exacerbating inequality.