'Most billionaire wealth is taken, not earned': A new report reveals how 60% of world’s wealthiest are building their fortunes
- Posted on January 20, 2025
- By Business News Today
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'Most billionaire wealth is taken, not earned': A new report reveals how 60% of world’s wealthiest are building their fortunes
Oxfam International's latest assessment reveals that extreme wealth among the world's richest is largely unearned, driven by inheritance, cronyism, and monopoly power. The report highlights a significant rise in billionaire wealth, contrasting it with stagnant global poverty levels, and predicts the emergence of trillionaires within a decade.