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Who is going to be the world’s first trillionaire?
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Significant obstacles stand in the way of anyone trying to reach a trillion dollars in net wealth.
PHOTO: REUTERS
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When will the world have its first trillionaire? A recent report from Oxfam International predicts one within a decade, noting that the five wealthiest men in the world are 114 per cent richer today than they were in 2020.
That timeline seems to be unrealistic. The path to becoming a trillionaire is very difficult – for both individual and macroeconomic reasons. Unless there is a big wave of hyperinflation, significant obstacles stand in the way of anyone trying to reach a trillion dollars in net wealth.
