Surging billionaire wealth a political threat, Oxfam warns as Davos opens

DAVOS, Switzerland – The collective wealth of the planet’s billionaires soared to a record level in 2025, charity Oxfam reported Monday, warning of “highly dangerous” political consequences as the global elite gathers for the World Economic Forum. US President Donald Trump’s policies in particular spurred the fortunes of the ultra-rich, which jumped 16.2 percent in