The Latest Breaking News from Oxfam

Pity the poor souls doing it — but it’s also a blight on our streets

The ultra-rich pose a threat to our democratic institutions—and the problem will deepen if extreme wealth is left unchecked.

Tesla CEO Elon Musk is widely expected to be the first person to hit trillionaire status.

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, and it warned of an emerging “aristocratic oligarchy” with enormous political clout, primed to profit from Donald Trump’s presidency…

"Money desperately needed in Australia and abroad to tackle social issues such as access to housing and to respond to worsening humanitarian emergencies, is being siphoned off to the bank accounts of the super-rich."

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

A leading NGO warned Monday of an emerging "aristocratic oligarchy" with massive political clout and primed to profit from Donald Trump's presidency, as global elites descend on Davos for their annual confab.

Analysis shows local billionaire wealth rose by 8% last year, meaning tycoons such as Gina Rinehart make 1,300 times more than average person’s pay

Rate of wealth growth last year was three times faster than 2023, Oxfam inequality research reveals