♦ According to the 'Takers, not Makers' report, Billionaire wealth has risen three times faster in 2024 than in 2023. Billionaire wealth across the globe surged by USD 2 trillion in 2024 to USD 15 trillion at a rate three times faster than the previous year (2023). 

♦ This is an annual report released every year on the first day of the World Economic Forum Annual Meeting by Oxfam International.

♦ Wealth of billionaires in Asia increased by USD 299 billion in 2024, Oxfam said while predicting that there will be at least five trillionaires within a decade from now.

♦ The report also said, between 1765 and 1900, the richest 10 percent in the UK extracted wealth from India alone worth US$33.8 trillion in today’s money.

♦ Of the US$64.82 trillion extracted from India by the UK over a century of colonialism, US$33.8 trillion went to the richest 10 per cent.