According to a report from Oxfam, we could get our first trillionaire in the next 25 years thanks to the exponential growth of existing wealth
By that time, the 61-year-old Microsoft co-owner would be 86.
According to the report, there were 793 billionaires worldwide in 2009. Their total net worth added up to a whopping $2.4 trillion. By 2016, the richest 793 people maintained net worths of $5 trillion – an annual growth of 11%.
“If these returns continue, it is quite possible that we could see the world’s first trillionaire within 25 years,” the report states.
Basically, Oxfam estimates that if the current trend holds, Gates – who is currently holding top spot on Forbes’ richest billionaires list – could soon find himself on the world’s first trillionaire list.
Gates, who is worth $84.7 billion, does much charitable work through the Bill and Melinda Gates Foundation. Since leaving Microsoft in 2006, he’s devoted his time to eradicating infectious diseases and improving education worldwide.