Jeff Bezos’ stint as the world’s richest man may possess only lasted a matter of hours, but the Amazon.com Inc. (AMZN) CEO could be on track for a much bigger milestone: the worlds first trillionaire. With $910 billion to recede, it may seem unlikely, but according to a recent Oxfam report on global inequality, the worlds first trillionaire may be hiding in plain sight as a mere billionaire nowadays.
The report, titled “An Economy For The 99%,” argued that at the current rate of growth, the rich will continue to obtain richer at a intellect blowing pace. “In 2009, there were 793 billionaires with a total net wealth of $2.4 trillion. By 2016, the richest 793 individuals had a total wealth of $5.0 trillion, an increase of 11% per year for the wealth of this super-rich group,” the report said.
“whether these returns continue, it is fairly possible that we could see the world‟s first trillionaire within 25 years.”
While falling back to moment on the worlds rich list, Bezos seems the more likely candidate to hit the magical trillionaire heed. He [Bezos] continues to steer Amazon to novel and greater things, and Bill Gates, who holds the number one spot has his focus on charitable and humanitarian efforts. (See also: This is What Bill Gates’s Portfolio Looks Like.)
Jeff Bezos confirms he’s no longer the world’s richest man as Bill Gates has cancelled his Amazon Prime subscription.
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While $1,000,000,000,000 may seem a long way absent, Oxfam notes that the wealthy can achieve greater returns than the average person, meaning at the 11 percent average, Bezos would reach the 13 digit heed at the age of 78 – just 25 years from now. (See also: 7 Companies Amazon Is Killing)
However, despite whole the possible scenarios for the rich, the takeaway from the report remains the growing inequality around the globe. “novel estimates present that just eight men own the same wealth as the poorest half of the world.”