The anti-poverty group Oxfam says someone will cross that threshold in the next decade. The world could have its first trillionaire within a decade, anti-poverty organization Oxfam International said Monday in its annual assessment of global inequalities timed to the gathering of political and business elites at the Swiss ski resort of Davos. “Very soon, Oxfam predicts that we will have a trillionaire within a decade,” Behar said, referring to a person who has a thousand billion dollars. To calculate the top five richest billionaires, Oxfam used figures from Forbes as of November 2023. For the bottom 60% of the global population, Oxfam used figures from the UBS Global Wealth Report 2023 and from the Credit Suisse Global Wealth Databook 2019.

Source: Los Angeles Times January 15, 2024 19:15 UTC