Jan 20, 2025 · Billionaire wealth grew by $2 trillion in 2024 alone, equivalent to roughly $5.7 billion a day, at a rate three times faster than the year before. An average of nearly four new billionaires were minted every week. Meanwhile, the number of people living in poverty has barely changed since 1990, according to World Bank data.

Jan 20, 2025 · Not only has the rate of billionaire wealth accumulation accelerated —by three times— but so too has their power,” said Oxfam International Executive Director Amitabh Behar. “The crown jewel of this oligarchy is a billionaire president, backed and bought by the world’s richest man Elon Musk, running the world’s largest economy.

Elon Musk, one of the world’s richest men, paid a “true tax rate” of about 3 percent between 2014 and 2018. Aber Christine, a flour vendor in Uganda, makes $80 a month and pays a tax rate of 40 percent. Worldwide, only four cents in every tax dollar now comes from taxes on wealth.

Jan 20, 2025 · Tesla and SpaceX CEO Elon Musk, currently the world’s richest person worth more than $430 billion, should cross the mark in just under five years.

Jan 20, 2025 · Elon Musk, Mark Zuckerberg and Jensen Huang are among those expected to hit trillionaire status, with Oxfam suggesting that there will be five within the next 10 years. Within the next ten years ...

Jan 20, 2025 · CEO Elon Musk tops a group of five business moguls expected to become the world's first trillionaires within a decade, highlighting the accelerating concentration of wealth, …

Jan 17, 2024 · In the United States, where more billionaires live than in any other country on the planet, Musk is the richest with a fortune of about $2.26 billion, Oxfam's analysis of Forbes data found....

Jan 20, 2025 · Elon Musk, CEO of Tesla and a close ally of Trump, is on track to become the world’s first trillionaire by 2027, according to a report from Informa Connect Academy. He’s currently worth about...

Jan 20, 2025 · On Monday, Oxfam International Executive Director Amitabh Behar said the "crown jewel" of a growing billionaire oligarchy is President Donald Trump, who was "backed and bought" by Musk.

Jan 15, 2024 · Oxfam said the fortunes of the five richest men — Elon Musk, Bernard Arnault, Jeff Bezos, Larry Ellison, and Warren Buffett — have spiked by 114% in real terms since 2020.