The billionaires’ billions are increasing faster than ever
The New York Times reports: Fifteen years ago, the world’s billionaires collectively had $4.5 trillion. By 2024, their wealth had more than tripled to $14.2 trillion. Now, their combined wealth totals $20.1 trillion — an amount that is equivalent to nearly a fifth of the entire world’s total yearly output. The stunning figures — calculated by the French economist Gabriel Zucman, director of the International Tax Observatory, a research organization funded by the European Union — reveal more than a…