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.

Donald Trump returns to power today after raising a record $250 million in donations around his inauguration, according to a report. Sources familiar with the very soon-to-be-president’s fundraising efforts told ABC News that the staggering total includes cash given to the official Trump-Vance Inaugural Committee along with donations to other large fundraising vehicles involved in arranging other inaugural celebrations over the weekend.

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,

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.

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

Billionaire 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

Billionaire wealth across the globe surged by USD 2 trillion in 2024 to USD 15 trillion at a rate three times faster than the previous year, a study showed on Monday here as the richest of the world began to assemble for their annual jamboree in this ski resort town.

At his inauguration in Washington, DC, overnight, Trump claimed that “America’s decline is over” and the “golden age of America begins right now” ( Reuters );