Billionaires’ wealth hits record in 2025, Oxfam warns of 'dangerous' political risks ahead of Davos

The world’s billionaires grew richer than ever in 2025, charity Oxfam said on Monday, warning of “highly dangerous” political consequences as elites gather at the World Economic Forum in Davos. It said US President Donald Trump’s policies helped boost billionaire wealth 16.2% to $18.3 trillion in his second term’s first year.