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.

A latest inequality report revealed a major prediction that within the coming decade approximately five renowned personalities on this planet can eventually become trillionaires.

A new study from Oxfam projects that five individuals are on track to become trillionaires within the next ten years, amassing fortunes with 13 figures to their names. This projection marks a significant shift from a previous Oxfam report that indicated only one person would reach this milestone within a decade.

Billionaire wealth skyrocketed by USD 2 trillion in 2024, highlighting increasing inequality. Oxfam's report underscores the growing gap, with Asia contributing USD 299 billion. The wealth gap is fueled by inheritance,

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Billionaire's 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

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In 2024, an average of nearly four new billionaires were coined every week, according to Oxfam. Much of their wealth will be passed down to heirs.

Billionaires' wealth grew three times faster in 2024 than the year before, a top anti-poverty group reported Jan. 20 as some of the world's political and financial