Last year marked the second-largest annual increase in billionaire wealth since records started, according to Oxfam.

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.

Group’s report comes as the world’s political and financial elite prepare for an annual gathering in Davos, Switzerland.

The wealth of the world's super-rich is growing ever faster, a study published on Monday by the development organization Oxfam has shown ahead of the World Economic Forum (WEF) in Davos. According to the report,

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,

The wealth of the world’s billionaires skyrocketed by a staggering 2$ trillion (£1.64 trillion) in 2024, a surge three times

Billionaires' wealth soared in 2024, a top anti-poverty group said ahead of an annual gathering in Davos, Switzerland of some of the world's political and financial elite.

Billionaire wealth surged last year, with the world's richest individuals adding $2 trillion to their pockets in 2024, according to a new report released Monday.

Billionaire wealth surged in 2024, as the world’s richest people increasingly benefited from inheritance and powerful connections, Oxfam said in its annual inequality report.

Billionaires around the world saw their combined fortunes swell by a staggering $2 trillion (R37. 29 trillion) in 2024.