President Joe Biden warned of a rising ultrawealthy “oligarchy” in America that poses a threat to the nation’s democracy, in a grave farewell address delivered Wednesday as he prepares to cede the White House back to Donald Trump.

From the White House he will soon cede to Trump, Biden likens the current crop of tech moguls to the “robber barons” of the 19th century.

Joe Biden, who will be replaced by Donald Trump in five days, defended his legacy and the importance of American democracy in an Oval Office address

The president's remarks about the “magic of America” were overshadowed by the looming threat of Donald Trump, even as Biden touted a historic ceasefire deal between Israel and Hamas.

The mistake we made was, I think I made, was not getting our allies to acknowledge that ‘the Democrats did this,‘” Biden said. “So, for example, build a new billion-dollar bridge over a river. Well, call it the ‘Democratic bridge’ figuratively speaking.