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Global Poverty Rate Decrease by 1% by End of 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
World Bank or United Nations reports
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Oxfam: Billionaire Wealth Grew $2 Trillion in 2024, Three Times Faster Than Previous Year
Jan 20, 2025, 08:50 AM
Oxfam's latest report reveals that billionaire wealth surged by $2 trillion in 2024, reaching a total of $15 trillion. This growth occurred at a rate three times faster than in the previous year, with the wealth of the world's richest increasing by an average of $5.7 billion per day. The report highlights that the world gained 204 new billionaires in 2024, averaging four new billionaires every week. The ten richest men saw their wealth grow by $100 million per day, and even if they lost 99% of their wealth overnight, they would still remain billionaires. Oxfam warns of an emerging "aristocratic oligarchy" with significant political influence and predicts that within a decade, at least five individuals could become trillionaires. Meanwhile, the number of people living in poverty has remained largely unchanged since 1990, underscoring the persistent issue of global inequality.
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