The world's richest accumulated massive wealth in 2024, which some speculate could reach even greater heights in the next few years.
Move over billionaires. The first trillionaires are on their way.
Tesla CEO Elon Musk is widely expected to be the first person to hit trillionaire status.
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.
But nothing all that golden is minting these new wealthy individuals.“Most billionaire wealth is taken, not earned, 60% comes from either inheritance, cronyism and corruption or
At current trends the charity Oxfam predicts up to five trillionaires are expected to emerge within the next decade.
The World Economic Forum kicks off in the Swiss Alpine resort on the same day as the presidential inauguration of Donald Trump.
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.
As global elites arrive in Davos for the annual World Economic Forum, the global advocacy group Oxfam reported that billionaires' wealth increased three times faster in 2024 than the previous year,
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.
Oxfam’s “Takers Not Makers” report comes ... World Economic Forum’s annual meeting in Davos. Elon Musk, CEO of Tesla and a close ally of Trump, is on track to become the world’s first ...