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International Business Times
International Business Times
Business

New 'Oligarchy' Under Fire As Elites Descend On Davos

Donald Trump Davos Oxfam Elon Musk Amitabh Behar Marlene Engelhorn Morris Pearl
The Swiss Alpine resort hosts the World Economic Forum every winter (Credit: AFP)

A leading NGO warned Monday of an emerging "aristocratic oligarchy" with massive political clout and primed to profit from Donald Trump's presidency, as global elites descend on Davos for their annual confab.

The World Economic Forum kicks off in the Swiss Alpine resort on the same day as the presidential inauguration of Trump, who will not be in Davos but will make an online appearance later in the week.

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