Billionaires are multiplying, and 60% earn their wealth through ‘inheritance, cronyism, or monopoly power,’ Oxfam writes
But nothing all that golden is minting these new wealthy individuals.“Most billionaire wealth is taken, not earned, 60% comes from either inheritance, cronyism and corruption or
Newsweek on MSN9d
How 2024 Saw Boom For Billionaires
The world's richest accumulated massive wealth in 2024, which some speculate could reach even greater heights in the next few years.
The Trillionaire Era: Five Billionaires Poised to Break the $1 Trillion Mark in the Next Decade
Oxfam’s latest inequality report, unveiled on the eve of the World Economic Forum in Davos, projects that five billionaires, led by Elon Musk, are set to surpass $1 trillion in wealth within a decade.
financial-world9d
These five billionaires could hit $1 trillion in wealth by 2035
Currently the richest man in the world, Elon Musk, with earnings of 430 billion dollars, could become a trillionaire in a few years.
New York Post9d
French luxury giant LVMH denies responsibility for rusty, deteriorating Olympic medals
French luxury conglomerate LVMH is denying reports that it is responsible for deteriorating and rusting Olympic medals that were handed out to athletes during the Summer Games in Paris last year.
businessday5d
Five trillionaires expected within a decade, says Oxfam
The world is set to witness the emergence of five trillionaires within the next decade, according to Oxfam's latest inequality
Report says when the world will have its first trillionaires, it's soon
The world could soon see its first trillionaires, with five individuals projected to reach the milestone within the next decade if current trends persist, according to Oxfam's annual inequality report released Sunday reported CNN Business.
Musk, Zuckerberg and Huang among 5 people now expected to become trillionaires within 10 years
Elon Musk, Mark Zuckerberg and Jensen Huang are among those expected to hit trillionaire status, with Oxfam suggesting that there will be five within the next 10 years. Within the next ten years five people will hold the title of trillionaire—with a 13-figure fortune to their name—according to a new study from Oxfam.
Arab Times9d
Musk, Zuckerberg, and Huang among 5 set to become trillionaires in the next decade
According to a new study by Oxfam, five individuals are projected to reach trillionaire status within the next decade, each amassing a
The Boston Globe6d
Boston charity president calls for ‘unfettered humanitarian access’ to Gaza
“Above all, we need this ceasefire not only to hold for the forty-two days, but to become a permanent ceasefire,” said Abby Maxman, president and CEO of Oxfam America, speaking on behalf of a ...
Reuters3d
Stella McCartney label leaves LVMH, designer remains sustainability ambassador
PARIS, Jan 27 (Reuters) - Stella McCartney is repurchasing the minority stake held by LVMH in the house she founded about five years after the luxury group bought it, LVMH and Stella McCartney ...
Reuters3d
LVMH raised to 'overweight' rating by Morgan Stanley analysts
PARIS, Jan 27 (Reuters) - Investment bank Morgan Stanley has raised its rating on French luxury goods giant LVMH (LVMH.PA), opens new tab to 'overweight' from 'equal weight'. "While LVMH should ...