Friday, August 28, 2026

The World's Billionaires Keep Getting Richer, But What Does This Mean for Democracy? | DW News

Aug 28, 2026 | Billionaires are richer than ever. Their combined wealth has exploded from less than one trillion dollars in 2000 to more than 20 trillion dollars today. But alongside that rise in wealth comes a growing debate over power, influence and democracy.

DW reporter Tomi Oladipo speaks with economist Professor Paul Segal, who argues that today's ultra-wealthy have access to technologies, media platforms and political networks that give them unprecedented influence over society. He says growing inequality is reshaping economies and raising questions about who really benefits from economic growth.

We also meet German entrepreneur Sebastian Klein, who gave away 90 percent of his personal fortune after concluding that extreme wealth concentration threatens democracy. As billionaire fortunes continue to grow and calls for higher wealth taxes gain momentum, the discussion explores whether extreme wealth and democratic equality can coexist, and what governments can do to address a widening gap between the richest citizens and everyone else.