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

There is increasing disparity in the world today as an "aristocratic oligarchy" is amassing wealth at unforeseen levels, a report published by development organization Oxfam said. Published ahead of the World Economic Forum (WEF) in Davos,

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

The S&P 500 largely erased its post-election gains the past few weeks. As Trump’s inauguration nears, investors seem ready to play the market again.

A leading NGO warned Monday of an emerging "aristocratic oligarchy" with massive political clout and primed to profit from Donald Trump's presidency, as global elites descend on Davos for their annual confab.

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'

As global elites arrive in Davos for the annual World Economic Forum, the global advocacy group Oxfam reported that billionaires' wealth increased three times faster in 2024 than the previous year, and it warned of an emerging aristocratic oligarchy with enormous political clout,

An international move to tax the wealth of the super-rich looks unlikely, particularly as Donald Trump return to office

His action has led to some calling the 'planned' US withdrawal 'unfortunate' and others reminding him of climate-driven disasters like the most-recent Los Angeles wildfires.

Behar said the planet's five richest people — Tesla CEO Elon Musk, LVMH owner Bernard Arnault, Amazon founder Jeff Bezos, Oracle founder Larry Ellison, and investor Warren Buffett — have seen their fortunes increase by 114 percent since 2020, and the prospect of someone amassing $1,000 billion — a trillion — is now very real.

As the world economic forum kicks off in Davos, Oxfam is putting the spotlight on wealth inequality. According to the anti-poverty group, billionaires' wealth increased three times faster last year than in 2023.