Billionaire Wealth Hits $18.3 Trillion as Global Ranks Top 3,000, Oxfam Says

Overview

• Global billionaire wealth rose 16.2% from Trump’s November 2024 election to the end of 2025, triple the average pace of the previous five years.
• The report attributes the acceleration to tax cuts for the wealthy, reduced efforts to tax multinationals, weaker antitrust enforcement, and deregulation.
• Oxfam says the twelve richest individuals now hold more wealth than the poorest half of humanity, highlighting deepening concentration at the top.
• The group estimates billionaires are about 4,000 times likelier than ordinary citizens to hold political office and notes their control of major media and platforms such as the Washington Post and X.
• Oxfam urges higher taxes on the ultra-rich, stronger action against monopolies, reinforced public services, and tighter limits on political influence, releasing the report as Davos opens with protests targeting Trump.