Billionaire wealth accumulation has tripled, consolidating their power in what advocates call “the era of the billionaire.” The combined wealth of the world’s richest individuals surged to $15 trillion in 2024, up from $13 trillion in 2023, marking the second-largest annual increase in billionaire wealth tracked by Oxfam. Oxfam highlighted that over a third of billionaire wealth is inherited, with nearly $6 trillion set to pass to heirs in the next 15 years.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Billionaire wealth accumulation has tripled, consolidating their power in what advocates
00:06are calling the era of the billionaire. The combined wealth of the world's richest individuals
00:10surged to $15 trillion in 2024. This is up from $13 trillion in 2023, marking the second largest
00:18annual increase in billionaire wealth tracked by Oxfam. Oxfam highlighted that over a third
00:22of billionaire wealth is inherited, with nearly $6 trillion set to pass to heirs in the next 15
00:28years. For all things money, visit Benzinga.com slash GSTV.