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Billionaire wealth at new high, Oxfam warns of political influence ahead of Davos

Oxfam X Davos Donald Trump France World Economic Forum

Protesters, one dressed up as US President Donald Trump and another as a police officer, at the start of a demonstration against the annual meeting of the World Economy Forum in Davos, Switzerland, 18 January 2026. © Markus Schreiber/AP

The fortunes of the world’s ultra-rich have surged to a record high and now pose political threats, warns Oxfam’s annual report on billionaires released ahead of the World Economic Forum at Davos, which opens Monday.

The wealth of the world’s billionaires went up 16.2 percent in 2025, the anti-poverty group said in its report released to coincide with the opening of the Davos forum, which brings together some of the world’s wealthiest people together with political leaders, CEOs, financiers, and international institutions.

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