The charity reported that the wealth of the world's billionaires grew from $13 trillion to $15 trillion in 2024, a rate that is three times faster than in 2023.

Behar said the planet's five richest people — Tesla CEO Elon Musk, LVMH owner Bernard Arnault, Amazon founder Jeff Bezos, Oracle founder Larry Ellison, and investor Warren Buffett — have seen their fortunes increase by 114 percent since 2020, and the prospect of someone amassing $1,000 billion — a trillion — is now very real.

The world's richest accumulated massive wealth in 2024, which some speculate could reach even greater heights in the next few years.

At current trends the charity Oxfam predicts up to five trillionaires are expected to emerge within the next decade.

Oxfam’s new report estimates that 54 percent of billionaire wealth is either inherited or stems from monopoly power.

The wealth of the world’s billionaires skyrocketed by a staggering 2$ trillion (£1.64 trillion) in 2024, a surge three times

According to Oxfam International, the wealth of billionaires globally grew three times faster in 2024 compared to the previous year, just as many of

OxFam International’s research adds weight to a warning by outgoing President Joe Biden last week of a “dangerous concentration of power in the hands of very few ultra-wealthy people.”

Critics argue this surge in ultra-wealth worsens inequality, fueling calls for stronger taxes and regulation.

The anti-poverty group Oxfam International's latest report on global inequality is calling for caps on CEO pay, better salaries for workers, and echoes former President Joe Biden's call for higher taxes on the wealthiest to get them to pay their fair share.

Trump's second presidency dominated proceedings at the World Economic Forum amid ominous warnings over the looming threat of trade tariffs and his decision to pull the United States out of the Paris climate agreement.