Predicting the World’s First Trillionaires (2024)

FAQs

Who is likely to be the first trillionaire? ›

"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.

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.

Mark Cuban Predicts World's First 'Trillionaire' Won't Be Musk Or Bezos — It'll Be Someone Who 'Masters AI' And Applies It In Brand New Ways. A few years back, amid the fanfare surrounding tech titans like Elon Musk and Jeff Bezos, Mark Cuban made a forward-looking statement at SXSW Conference and Festivals in 2017.

The world will see its first trillionaire within a decade, according to Oxfam, a global organization committed to alleviating poverty and addressing social injustice. The organization notes the wealth of the five richest men nearly doubled since 2020, but it will take 229 years to eradicate poverty.

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.

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.

The median home price in the US was $412,000 in 2023. At that rate, a trillionaire could afford to buy 2,427,184 homes and provide every homeless person with a house. Alternatively, they could buy 3,636 superyachts.

We're removing as many barriers as possible to give our students a hands-on way to learn about AI and actually get to use the technology to build applications that solve problems in their daily lives,” Cuban says.

We never would've thought in a million years we'd be alive to see the first quadrillionaire. We were wrong! That's right, an American man recently became the first person in the history of mankind to become a quadrillionaire.

Is Taylor Swift a billionaire? ›

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.

If current trends continue, the world will have its first trillionaire within a decade, but poverty won't be eradicated for another 229 years. “We expect to see continued concentration of extreme wealth at the very top,” added Rebecca Riddell, policy lead economic and racial justice at Oxfam.

India's Mukesh Ambani could become a trillionaire in 2033 when he will be aged 75, according to the research which said that Chinese real estate tycoon Xu Jiayin will follow Bezos to become the second trillionaire in the world in 2027.

In an annual assessment of global inequalities published earlier this week, Oxfam International said the first trillionaire could emerge within the next decade — as the anti-poverty organization pointed to the growing wealth gap that skyrocketed globally during the COVID-19 pandemic.

We never would've thought in a million years we'd be alive to see the first quadrillionaire. We were wrong! That's right, an American man recently became the first person in the history of mankind to become a quadrillionaire. How did he amass such a fortune?

Rockefeller is often cited as the world's first billionaire, achieving that status in 1916 largely through his ownership of Standard Oil.