Overview
- Oxfam reports a 16.5% jump in G20 billionaire wealth over 12 months, rising from $13.4 trillion to $15.6 trillion.
- The $2.2 trillion increase is framed as sufficient to move 3.8 billion people above $8.30 a day, using the World Bank’s broader threshold.
- The charity pegs the annual cost of eliminating that level of poverty at $1.65 trillion, underscoring the contrast with private wealth gains.
- Figures are based on Forbes billionaire data through October 2025, according to Oxfam.
- Ahead of Saturday’s G20 summit in Johannesburg, Oxfam urges leaders to establish an international inequality body, tax the super‑rich, and reverse aid cuts, explicitly pressing Chancellor Friedrich Merz and other heads of government.