The world's richest accumulated massive wealth in 2024, which some speculate could reach even greater heights in the next few years.
The world could soon see its first trillionaires, with five individuals projected to reach the milestone within the next decade if current trends persist, according to Oxfam's annual inequality report released Sunday reported CNN Business.
The World Economic Forum kicks off in the Swiss Alpine resort on the same day as the presidential inauguration of Donald Trump.
At current trends the charity Oxfam predicts up to five trillionaires are expected to emerge within the next decade.
The world will soon have five trillionaires. New research shows this will happen within a decade. Who will they be?
Move over billionaires. The first trillionaires are on their way.
The world’s richest man and Donald Trump ’s “First Buddy” Elon Musk is expected to hit the $1,000,000,0000,000 milestone even earlier, by 2027. The combined wealth of the world’s richest people surged from $13 trillion to $15 trillion in 2024 alone,
Oxfam report said billionaire wealth grew by $2 trillion last year, or roughly $5.7 billion a day, three-times faster than in 2023.
A leading NGO warned Monday of an emerging "aristocratic oligarchy" with massive political clout and primed to profit from Donald Trump's presidency, as global elites descend on Davos for their annual confab.
Oxfam’s latest inequality report, unveiled on the eve of the World Economic Forum in Davos, projects that five billionaires, led by Elon Musk, are set to surpass $1 trillion in wealth within a decade.
Billionaire wealth surged in 2024, as the world’s richest people increasingly benefited from inheritance and powerful connections, Oxfam said in its annual inequality report.