Name: Protesters rally in Davos as Oxfam reports record billionaire wealth
Uploaded: 2026-01-19T19:05:11.487Z
Duration: 1 min 45 s
Description: Protesters gathered in Davos, Switzerland, ahead of the World Economic Forum’s annual meeting to denounce the concentration of wealth among global elites. Meanwhile, Oxfam released a report showing that the collective wealth of the world’s billionaires surged to a record level in 2025.

Protesters gathered in Davos, Switzerland, ahead of the World Economic Forum’s annual meeting to denounce the concentration of wealth among global elites. Meanwhile, Oxfam released a report showing that the collective wealth of the world’s billionaires surged to a record level in 2025.

Davos

Protesters assembled in Davos, Switzerland, prior to the World Economic Forum's annual meeting to voice concerns over rising inequality and the influence of the global elite. The demonstration coincided with Oxfam's release of a report noting that billionaire wealth has reached $18.3 trillion, growing three times faster than in previous years.

Oxfam stated that billionaires added $2.5 trillion to their wealth in the past year, an amount the organization says could eradicate poverty multiple times over. The event is expected to see record attendance, with over 60 heads of state, including U.S. President Donald Trump, participating amid ongoing global economic tensions.

Protesters rally in Davos as Oxfam reports record billionaire wealth

Protesters descended on Davos, Switzerland Sunday, ahead of the World Economic Forum's annual meeting. They came to speak out against the gathering of the world's ultra-wealthy and elite. The decisions made here in Davos do not reflect the interests of the majority of the population, but rather increase inequality. This is dangerous for democracies. That is why we are here, together. Each year ahead of the event, Oxfam releases a report on wealth inequality. Its leadership says this year's edition comes at a time of skyrocketing billionaire wealth. This is a year where you see the billionaires actually reach $18.3 trillion of wealth. That's three times faster accumulation of wealth this year compared to any other year. And just last year, they have added $2.5 trillion to their kitty. And that amount is enough to eradicate poverty 26 times over. U.S. President Donald Trump will be arriving on Wednesday with an especially large delegation, at a time when the global economic order is in upheaval. Trump's threats to impose new tariffs on European countries who oppose his plans to acquire Greenland have once again sown chaos in the fragile rules-based order, driving formerly close allies like Canada to boost their trade ties with America's top rival, China. Trump's attendance this year has made Davos a hot ticket among business and political leaders alike, with more than 60 heads of state set to appear. Organizers say that this year is set to have the highest turnout in the forum's five-decade history.

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