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About Everything Wiki » Life » The anti-poverty organization predicted the appearance of the first trillionaire

The anti-poverty organization predicted the appearance of the first trillionaire

16 Jan 2024, 12:00, parser
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The anti—poverty organization Oxfam International reported that in the next decade the world may have the first trillionaire - a person with a fortune of more than 1,000,000,000,000 dollars. Such a forecast was made The world could get its first trillionaire within 10 years, Oxfam says as part of the annual assessment of global inequality, timed to coincide with the meeting of the political and business elite in Davos, Switzerland.

Oxfam International, which has been trying for years to highlight the growing inequality between the super-rich and the bulk of the world's population, believes that this gap has widened after the victory over the coronavirus pandemic.

According to representatives of the organization, the fortune of the five richest people — Tesla CEO Elon Musk, Bernard Arnault and his family from LVMH, Amazon founder Jeff Bezos, Oracle founder Larry Ellison and investment guru Warren Buffett — has grown by 114% in real terms since 2020.

Oxfam's interim chief executive said the report shows the world is entering a "decade of division."

We have the top five billionaires, they have doubled their wealth. On the other hand, almost 5 billion people have become poorer.

 

Very soon, according to Oxfam forecasts, within a decade, we will have a trillionaire. And to fight poverty, we will need more than 200 years

Amitabh Behar
Oxfam International

Oxfam has proposed measures that should be taken into account in the "fight against inequality" program. These include permanent taxation of the richest people in each country, more efficient taxation of large corporations, and a renewed crackdown on tax evasion.

Recall that currently the richest man on the planet is Elon Musk, his personal fortune is just under $ 250 billion. And the fortune of the five richest people in the world reached $869 billion in November 2023, compared with 340 billion in March 2020.

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