Source: Common Dreams
“The collective fortune of the world’s billionaires grew by roughly $10 billion per day during the first month of 2025 as billionaire Donald Trump took office in the United States, ushering in an administration that includes the world’s richest man and other elites hellbent on eviscerating government and delivering fresh tax breaks to the ultra-wealthy. The new analysis of billionaire wealth was published Monday by the global #TaxTheSuperRich Movement, an alliance that is pressuring G20 nations to tax the mega-rich in order to stem destructive inequality and fund critical priorities, including badly needed climate action. According to the analysis, global billionaire wealth surged by $314 billion total in January, which is ‘more than the combined wealth of the 2.8 billion people who make up the poorest third of humanity.'” (02/25/25)