World is going to get its first trillionaire soon, guess who?
Los Angeles : We have heard about millionaires in the world but now there is going to be a trillionaire.
Yes, you read us right. Bill Gates is well on his way to becoming the world’s first ever trillionaire, however, it will happen in the next 25 years thanks to the exponential growth of existing wealth.
It is hopeful that the 61-year-old Microsoft founder will be the spritely young age of 86 when he will get the good news.
Not that to mention that he keeps giving his money through his foundation yet his net worth has increased by $25billion (£20billion) in the decade after he left the company. In 2016, his net
However, some experts believe that it does highlight a growing problem of major wealth inequality. It is also shocking to know that the world’s eight richest people have as much wealth as the entire poorest half of the world’s population.
A report by Oxfam states, “An Economy for the 99%’, just eight of the world’s billionaires have as much money as the 3.6billion people who make up the poorest half of the globe’s population. ‘As growth benefits the richest, the rest of society – especially the poorest – suffers. The very design of our economies and the principles of our economics have taken us to this extreme, unsustainable and unjust point. Our economy must stop excessively rewarding those at the top and start working for all people.”