Trillionaire? One study says we'll see them within a decade (2024)

FAQs

Will there be a trillionaire in the next 10 years? ›

If current trends continue, the world will have its first trillionaire within a decade, but poverty won't be eradicated for another 229 years. "We expect to see continued concentration of extreme wealth at the very top," added Rebecca Riddell, policy lead economic and racial justice at Oxfam.

“At current rates, it will take 230 years to end poverty, but we could have our first trillionaire in 10 years,” states the report, which highlights the growing inequality alongside the staggering net worth of the five men.

"Of the 21 individuals who stand a chance of reaching this phenomenal milestone in their lifetime, Elon Musk is predicted to be the first," said CEO Magazine. This prediction was reiterated by The Guardian, The Economic Times and many others.

At any rate, there is no single identifiable person who seems on track to become a trillionaire within the next decade. Eventually it will happen — and a good share of the credit should go to the Federal Reserve, not necessarily the person who earned the money.

We never would've thought in a million years we'd be alive to see the first quadrillionaire. We were wrong! That's right, an American man recently became the first person in the history of mankind to become a quadrillionaire.

As of today, no billionaire is within striking distance of becoming a trillionaire. Elon Musk is, at present, the world's richest person, with a net worth of $206 billion, while Jeff Bezos is in the number two position with $179 billion, according to Bloomberg.

As of today, there are no trillionaires who live on earth.

quadrillionaire (plural quadrillionaires) Somebody whose wealth is greater than one quadrillion units of the local currency. (by extension) An extremely wealthy person.

No individual has claimed the status of trillionaire just yet. But a net worth equal to at least one trillion in U.S. dollars or a similarly valued currency isn't unattainable, but it will be a couple of years yet. Only 18 countries have a GDP that exceeds that amount. The World Bank.

Who are the top 5 trillionaires in the world? ›

Among the findings, Oxfam highlighted how the personal fortunes of the world's five richest people — Tesla CEO Elon Musk, Bernard Arnault and his family of luxury company LVMH, Amazon founder Jeff Bezos, Oracle founder Larry Ellison and investment guru Warren Buffett — have more than doubled since 2020.

What Is the Next Big Number After a Trillion? The next big number after a trillion is a quadrillion, which is 1,000 trillion.

Gymshark's millennial billionaire CEO says he never thinks about his wealth because 'it's not a measure of success' and 'none of it's real' Defining your success by your net worth is “a wildly unproductive way to live," says Gymshark's billionaire chief Ben Francis.

"Mansa Musa Of Mali May Have Been The Richest Person In History." History.

Francoise Bettencourt Meyers, the heiress to the L'Oréal cosmetics empire, holds the title of the richest woman in the world. Born in 1948, she is the granddaughter of Eugène Schueller, the founder of L'Oréal.

1. Elon Musk: $199 billion. As the world's richest man, Tesla chief executive Elon Musk is the centibillionaire most likely to grow his net worth to $1 trillion - despite dropping out of the exclusive $200 billion club just last week.

Oxfam International released a report Sunday that predicts a trillionaire could emerge over the next 10 years, while it would take 230 years to end poverty. The report said that the world's five richest people have more than doubled their fortunes since 2020, but 5 billion people have become poorer in the same period.

To tabulate your net worth, start by totaling up all of those assets. You then deduct liabilities—everything from personal loans to mortgages. Someone with at least $1 trillion (or one trillion euros) of net assets would qualify as a trillionaire.