Anti-poverty group says billionaires' wealth soared in 2024 as the elites prepare for another Davos
Billionaire's wealth has grown faster last year, and now the world can expect at least 5 trillionaires within a decade, even as the number of people in poverty has barely budged since 1990
Read more at ABC News
Topics
-
Billionaires' wealth skyrocketing, anti-poverty group says ahead of Davos
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.CBS News - 5h -
Wealth of world’s billionaires grew by $2tn in 2024, report finds
Rate of wealth growth last year was three times faster than 2023, Oxfam inequality research reveals. The wealth of the world’s billionaires grew by $2tn (£1.64tn) in 2024, three times faster than ...The Guardian - 7h -
World could soon see its first trillionaires, Oxfam says, as billionaire wealth surges
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.NBC News - 8h -
At Davos, Trump will face a less friendly brand of billionaire – but their dominance is waning | Larry Elliott
These high priests of globalisation are facing the fact that Trump’s tariffs are part of a global shift to protectionism. Hollywood would struggle to come up with a better plot. On Monday, as ...The Guardian - 4d -
Billionaire Issa brothers’ EG Group readies $13bn US IPO
Private equity-backed petrol station business expected to list as early as this yearFinancial Times - Jan. 12 -
Bitcoin soared in 2024. How much — if any — should you own?
The crypto asset was the top performer in 2024, rising about 125%. But finance pros say bitcoin should generally not account for over 5% of your portfolio.CNBC - Jan. 11 -
Russia's elites say they are tired of waiting for the war to end: report
Yahoo News - Jan. 10 -
Aaron Rodgers throws 500th TD: Jets veteran joins elite group of quarterbacks to reach historic NFL milestone
The ultra-exclusive list also includes Rodgers' former teammateCBS Sports - Jan. 6 -
This money bias is 'the biggest barrier to building wealth,' says financial psychologist
Putting off some key financial moves because they seem too complex? You could be costing yourself over the long run.CNBC - Jan. 5
More from ABC News
-
South Africa police: Officers let ringleader in illegal gold mine disaster escape
South African police say a suspected illegal gold mining ringleader escaped from custody with help from police officers about a week after resurfacing from a disused mine in South Africa where 246 ...ABC News - 1h -
Tanzanian sample confirms WHO fears as Marburg disease found in remote region
Tanzania’s president says one sample from a remote northern part of the country has tested positive for Marburg disease, a highly infectious virus which can be fatal in more than 88% of cases ...ABC News - 2h -
Ghana soldiers kill at least 7 people described as illegal gold miners
Ghana's military says that soldiers have killed at least seven people at a gold mineABC News - 2h -
Leaders in ethnically divided Cyprus fail to reach deal on new crossing points
A meeting between the two leaders in ethnically divided Cyprus has ended without an agreementABC News - 2h -
Indian court sentences a police volunteer to life in prison in the rape, killing of trainee doctor
An Indian court has sentenced a police volunteer to life in prison after finding him guilty in the rape and killing of a trainee doctor last yearABC News - 4h
More in World
-
Live Updates: As Cease-Fire Takes Hold, Gazans Return to Destroyed Homes
Gazans were surveying the vast damage to their neighborhoods on Monday as anxious Israelis awaited news about the condition of the hostages.The New York Times - 8m -
Trump to declare national emergency at US-Mexico border as part of day one executive actions – live
President-elect expected to sign several executive actions immediately after taking office. Biden pardons Fauci and Milley in effort to guard against potential ‘revenge’ by Trump Trump ...The Guardian - 19m -
The Last Migrant Caravans Before Trump’s Inauguration
A Times photographer made two trips to southern Mexico to follow groups of migrants as they walked toward the United States.The New York Times - 19m -
Gaza ceasefire latest: Hamas says people of Gaza will ‘rise again’ and rebuild territory
The search for thousands of people buried under rubble has started as the ceasefire in Gaza enters its second day. Full report: Palestinians celebrate as prisoners freed The Spanish ...The Guardian - 21m -
Some Prominent Palestinian Prisoners Set to Be Released in the Israel-Hamas Cease-Fire Agreement
Israel is expected on Sunday to begin releasing more than 1,000 Palestinian prisoners, according to the terms of the cease-fire and hostage release agreement with Hamas.The New York Times - 24m