DAVOS, Switzerland: The world could have its first trillionaire within a decade, anti-poverty organization Oxfam International said Monday (Tuesday in Manila) in its annual assessment of global inequalities timed to the gathering of political and business elites at the Swiss ski resort of Davos. Oxfam's interim executive director said the report showed that the world is entering a "decade of division." To calculate the top five richest billionaires, Oxfam used figures from Forbes as of November 2023. Their total wealth then was $869 billion, up from $340 billion in March 2020, a nominal increase of 155 percent. For the bottom 60 percent of the global population, Oxfam used figures from the UBS Global Wealth Report 2023 and from the Credit Suisse Global Wealth Databook 2019.
