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

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.

Davos, Jan 20 (PTI) 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.

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,

Billionaire wealth skyrocketed by $2 trillion in 2024, reaching an unprecedented $15 trillion—equivalent to $5.7 billion amassed daily, according to an Oxfam report released today. This marks a sharp acceleration, with wealth growing three times faster than the previous year and representing the second-largest annual increase on record.

Oxfam's latest report shows billionaire wealth surged by $2 trillion in 2024, with new billionaires minted daily. Discover how wealth inequality is widening globally.

Oxfam's 2024 report reveals billionaire wealth surged by $2 trillion, with the richest 10 growing by $100m a day

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