In 2024, billionaire wealth increased by $2.000 trillion in real terms, three times faster than the previous year, according to an Oxfam report presented at the World Economic Forum in Davos. In contrast, the number of people living below the poverty line remains unchanged since 1990, with over 3,5 billion people affected. Currently, it would take more than a century to lift the entire world population out of this condition. Furthermore, the slowdown in the reduction of extreme poverty calls into question the goal of eliminating it globally by 2030.
Wealth in Italy
In Italy, in 2024, billionaire wealth increased by €61 billion, reaching a total of €272 billion held by 71 individuals.
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Poverty data
The incidence of poverty at the household level increased slightly, from 8,3% to 8,4%, while the individual poverty rate remained unchanged at 9,7%. The concentration of global wealth, largely derived from vested interests, highlights severe inequality, with over 36% of billionaires' fortunes coming from inheritance.
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