Billionaires Expand Wealth, Threaten Global Democracy

Oxfam's report 'Defending Freedom Against Billionaire Power' finds billionaire wealth surged after Donald Trump's November 2024 election, growing three times faster in the following year than the prior five-year average and leaving the world with over 3,000 billionaires. The report links these gains to stalled poverty reduction and rising food insecurity (3.83 billion in poverty by 2022; 42.6% increase 2015–2024) and urges transparency and campaign-finance reforms.