The charity reported that the wealth of the world's billionaires grew from $13 trillion to $15 trillion in 2024, a rate that is three times faster than in 2023.

Billionaire wealth grew by $2tn in 2024, three times faster than the previous year, according to Oxfam's latest report on wealth. View on euronews

A new study from Oxfam projects that five individuals are on track to become trillionaires within the next ten years, amassing fortunes with 13 figures to their names. This projection marks a significant shift from a previous Oxfam report that indicated only one person would reach this milestone within a decade.

Among the guests at Donald Trump's second inauguration in Washington, D.C. today were three billionaire tech CEOs: Amazon's Jeff Bezos, Tesla's Elon Musk, and Meta's Mark Zuckerberg. They were also joined by Google CEO Sundar Pichai and Apple CEO Tim Cook.

According to the original plans to host the event outside, the industry leaders were supposed to be seated on dais with Donald Trump's family members and others