Posted 1/20/2024, 2:40:37 PM
Oxfam: World's First Trillionaire Could Emerge Within a Decade As Billionaires' Wealth Surges
- Report by Oxfam predicts world's first trillionaire could emerge within a decade due to exponential growth of billionaires' wealth
- Elon Musk on track to become trillionaire by 2032 if his wealth continues growing at current rate of 162% per year
- Bernard Arnault could follow in 2033, while Jeff Bezos, Larry Ellison, and Warren Buffett reach milestone between 2034-2036
- Total wealth of 5 richest billionaires has more than doubled from $453B in 2019 to $869B in 2023
- Trillionaire milestone contrasts with persistence of global poverty and 5B people seeing wealth fall since 2020