The charity reported that the wealth of the world's billionaires grew from $13 trillion to $15 trillion in 2024, a rate that is three times faster than in 2023.

Several of the tech moguls also joined a small prayer service this morning at St. John’s Episcopal Church. Later, they blended in with the Trump clan directly behind the incoming president as he officially assumed power just after noon,

"Today, an oligarchy is taking shape in America of extreme wealth ... co-chair of his outside-government commission to recommend spending cuts, as well as with Amazon's Jeff Bezos and Meta's Mark Zuckerberg. Trump has invited all three of the powerful ...

Donald Trump was sworn in Monday as the 47th president of the United States with some of the richest people on the planet standing close behind him on the inaugural platform—a symbol of what observers described as the nation's slide toward oligarchy.

Last Wednesday, during former President Joe Biden's farewell address, he warned that the U.S. could become an "oligarchy." Here's what it means

Amazon Prime Video, which was founded by billionaire Jeff ... Like many words in politics, oligarchy originates from Ancient Greek and quite literally means that few command. But unlike an aristocracy, an oligarchy is more closely tied to wealth than ...

As the 2024 presidential race entered its final stretch, the nation’s richest tech leaders gravitated toward Trump’s side.

Multiple countries, including New Zealand and Australia, are trying to use tax and competition rules to stem the growing power of big tech.

Mr Trump is more transactional than presidents before him, which increases the risk of cronyism and self-dealing. But America’s economy, including its technology industry, is too unwieldy and dynamic to petrify into an actual oligarchy, whatever diplomats and departing presidents say. ■

"Today, an oligarchy is taking shape in America of extreme ... You saw the CEOs of Amazon and X and Meta and Google and TikTok. It's the attentional oligarchs whose power he cares about.

Wealthy people have always had a louder voice, but Trump’s new allies represent the starkest consolidation of wealth in US politics in recent memory

Plenty of his billionaire backers didn’t make the cut at his inauguration. The catbird seats were occupied instead by the titans of attention. It was the leaders of Facebook and Instagram and X and TikTok and Amazon and Google that Trump was so eager to see arrayed before him.