Billionaire wealth surges by $2.8 trillion in 2024, three times faster than the year before, while the number of people living in poverty has barely changed since 1990

Oxfam predicts there will be at least five trillionaires a decade from now.  204 new billionaires were minted in 2024, nearly four every week. In Canada, billionaire wealth increased by $309 million per day, with three new billionaires in 2024.  Sixty percent of billionaire wealth is now derived from inheritance, monopoly power or crony connections, … Continue reading Billionaire wealth surges by $2.8 trillion in 2024, three times faster than the year before, while the number of people living in poverty has barely changed since 1990