Bill Gates is going to become the world’s first Trillionaire

 

According to a report from Oxfam, we could get our first trillionaire in the next 25 years thanks to the exponential growth of existing

By that time, the 61-year-old Microsoft founder will be the spritely young age of 86.
And ‘despite his commendable attempts to give [his money] away through his foundation’, Gates’s net worth increased by $25billion (£20billion) in the decade after he left the company. So in 2016, his net worth stood at $75billion (£60billion).

So, in order to estimate how much he’ll be worth in a few years, researchers applied the average rate of growth that the ultra-rich have been enjoying – 11% since 2009 – to Gates’s current level of wealth, which is more than $84billion (£67.2billion).
*Whistles appreciatively*
‘In such an environment, if you are already rich, you have to try hard not to keep getting a lot richer,’ the report says.
However, this isn’t necessarily a good thing – and despite Gates’s charitable deeds, it does highlight a growing problem of major wealth inequality.

The world’s eight richest people have as much wealth as the entire poorest half of the world’s population (Picture: EPA)

According to Oxfam’s ‘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.