Trillionaire? One study says we'll see them within a decade (2024)

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Could the world see its first trillionaire within 10 years? ›

Oxfam also found that the five richest men globally have more than doubled their vast wealth since 2020. If current trends continue, the world will have its first trillionaire within a decade, but poverty won't be eradicated for another 229 years.

"Of the 21 individuals who stand a chance of reaching this phenomenal milestone in their lifetime, Elon Musk is predicted to be the first," said CEO Magazine. This prediction was reiterated by The Guardian, The Economic Times and many others.

At any rate, there is no single identifiable person who seems on track to become a trillionaire within the next decade. Eventually it will happen — and a good share of the credit should go to the Federal Reserve, not necessarily the person who earned the money.

“At current rates, it will take 230 years to end poverty, but we could have our first trillionaire in 10 years,” states the report, which highlights the growing inequality alongside the staggering net worth of the five men.

In 1916, John D. Rockefeller became the world's first billionaire, and in the hundred years since we haven't had a trillionaire. And today, not only do we have a trillionaire, we also have the world's first quadrillionaire.

As of today, no billionaire is within striking distance of becoming a trillionaire. Elon Musk is, at present, the world's richest person, with a net worth of $206 billion, while Jeff Bezos is in the number two position with $179 billion, according to Bloomberg.

What Is the Next Big Number After a Trillion? The next big number after a trillion is a quadrillion, which is 1,000 trillion.

No individual has claimed the status of trillionaire just yet. But a net worth equal to at least one trillion in U.S. dollars or a similarly valued currency isn't unattainable, but it will be a couple of years yet. Only 18 countries have a GDP that exceeds that amount. The World Bank.

The financial news outlet said she is the first artist to achieve billionaire status solely on the basis of her music, and estimated she has a $1.1 billion fortune.

Are there any millennial billionaires? ›

Only two young billionaires saw their fortunes drop, however; the pair—Kim Jung-youn and her older sister, Kim Jung-min—have their fortunes tied to the same company: global investment firm NXC. The youngest person on the rich list is 19-year-old university student Livia Voigt.

However, many believe Mansa Musa's wealth outdoes that of all modern billionaires. Mansa Musa ruled over the Mali empire in the 14th Century, and his incredible access to gold made him arguably the richest human to have ever lived. So, why is it that he has largely disappeared from the western historical imagination?

quadrillionaire (plural quadrillionaires) Somebody whose wealth is greater than one quadrillion units of the local currency. (by extension) An extremely wealthy person.

These are just finite and limited wealth. But there were even richer people who lived in the face of the earth, with incomprehensible wealth in trillions. Today in modern times, no such trillionaires exist.

“At current rates, it will take 230 years to end poverty, but we could have our first trillionaire in 10 years,” states the report, which highlights the growing inequality alongside the staggering net worth of the five men.

One study predicts the world will have its first trillionaire within a decade. Bloomberg may have to rename its Billionaire Index in coming years, as the world could have its first trillionaire within the next decade, according to a new report from anti-poverty organization Oxfam International.

In short, a trillionaire will be able to do these things – and more – on an unprecedented scale. Consider that owning $1 trillion would make an individual human being the 20th largest economy on the planet. One person would have more money than the entire GDP of Switzerland, and rank just behind Saudi Arabia.

The next big number after a trillion is a quadrillion, which is 1,000 trillion.

Once zillion was made up as a humorous word for an indeterminately large number (patterned on million and billion), it was only a matter of time before zillionaire came along as a humorous word for a person of seemingly immeasurable wealth.