There is increasing disparity in the world today as an "aristocratic oligarchy" is amassing wealth at unforeseen levels, a report published by development organization Oxfam said.

Published ahead of the World Economic Forum (WEF) in Davos, the report titled "Takers Not Makers" said billionaire wealth soared by $2 trillion (€1.94 trillion) in 2024, growing three times faster than the previous year.