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.
The world is set to witness the emergence of five trillionaires within the next decade, according to Oxfam's latest inequality
The amount of money owned by the world's richest people has increased so quickly we are now likely to see the first five trillionaires within the next 10 years.
Currently the richest man in the world, Elon Musk, with earnings of 430 billion dollars, could become a trillionaire in a 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.
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 report stressed that much of today's billionaire wealth is unearned, often linked to monopolies, cronyism, or inheritance
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Australian billionaires earn $67,000 an hour, according to a new report from Oxfam, which is 1300 times more than what everyday workers make.
Why would Oxfam, a once-respected charity, publish a careless and ill thought-out piece of propaganda such as its latest pamphlet, Takers not Makers: The Unjust Poverty and Unearned Wealth of Colonialism?
Oracle founder Larry Ellison said the Stargate project, a joint venture with OpenAI and Softbank, will help to fuel the development of a cancer vaccine.
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