A latest inequality report revealed a major prediction that within the coming decade approximately five renowned personalities on this planet can eventually become trillionaires.
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.
Within a decade, the world could witness the emergence of its first trillionaire, Oxfam International warns in its latest inequality report. Released during the World Economic Forum in Davos, the report underscores a stark reality: the wealth of the top five billionaires has more than doubled since the pandemic,
The world's richest accumulated massive wealth in 2024, which some speculate could reach even greater heights in the next few years.
The world will soon have five trillionaires as the wealth growth rate of its richest people rises faster than earlier estimates, according to a recent forecast.
According to a new study by Oxfam, five individuals are projected to reach trillionaire status within the next decade, each amassing a
Behar said the planet's five richest people — Tesla CEO Elon Musk, LVMH owner Bernard Arnault, Amazon founder Jeff Bezos, Oracle founder Larry Ellison, and investor Warren Buffett — have seen their fortunes increase by 114 percent since 2020, and the prospect of someone amassing $1,000 billion — a trillion — is now very real.
Imagine earning $3.5 million ($US2 million) a day - that was the average daily income for the world's billionaires last year.
En quelques jours, les grands patrons français ont gagné autant que leurs employés en un an, tout en épuisant leur budget carbone annuel.
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Opinion: Welcome to the oligarchy and the politics of self
In fact, several years ago two Princeton political scientists concluded after examining the data that the U.S. is no longer a democracy, but an oligarchy. The oligarchic face of the United States then is now the face of the entire world. What is to be done?
Billionaire wealth grew three times faster in 2024 than it did in 2023, Oxfam reported, citing data from Forbes. The increase in the world’s super-rich over the past 12 months has been
In total, billionaire wealth skyrocketed by $2 trillion, adding more than 200 individuals to this cohort. The accumulation of riches at the very top is going so unchecked that Oxfam estimates there will be five trillionaires within the coming decade.