US EditionBillionaires’ wealth hits record high in 2025 as political influence expands, Oxfam says
- On Jan 19, Oxfam published its annual inequality report, saying global billionaire wealth hit a record $18.3 trillion in 2025 at the Davos World Economic Forum.
- Oxfam said US policy choices drove billionaire fortunes up 16.2% in the first year of President Donald Trump's second term, citing Washington's exemption from the 15 percent global minimum tax.
- Oxfam highlighted that more than 3,000 billionaires exist, with the top 12 owning more wealth than the poorest half of humanity, while Elon Musk, Jeff Bezos, and Patrick Soon‑Shiong have acquired major media outlets.
- Oxfam urged governments to implement a wealth tax on assets above �10m, as Behar said `The widening gap between the rich and the rest is... creating a political deficit that is highly dangerous and unsustainable`.
- Oxfam added that billionaires are around 4,000 times more likely to hold political office and their $2.5 trillion rise in 2025 could eradicate extreme poverty 26 times over.
105 Articles
105 Articles
Debate material for the World Economic Forum in Davos: Oxfam is worried about the political power of the richest.There are more and more billionaires in the world - and their wealth is growing and growing.This is evident from a report published by the emergency aid and development organization Oxfam at the start of the World Economic Forum (WEF) in Davos.According to this report, the approximately 3,000 billionaires worldwide had a fortune of 18…
Billionaires' wealth hits new peak as their clout grows, Oxfam says
Billionaire wealth surged at three times its recent pace last year to reach its highest level on record, deepening economic and political divides that threaten democratic stability, anti-poverty group Oxfam said on Monday.
Before the World Economic Forum in Davos began, the aid organization Oxfam denounced the increasingly unequal distribution of wealth in the world.
This reshaping of the NGO comes just before the kick-off of the Davos Forum, where the US President is scheduled to arrive on Wednesday.
Billionaire wealth at new high, Oxfam warns of political influence ahead of Davos
The fortunes of the world’s ultra-rich have surged to a record high and now pose political threats, warns Oxfam’s annual report on billionaires released ahead of the World Economic Forum at Davos, which opens Monday.
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