NEWS

Oxfam — Trillionaire In The Making By 2034

Anti-poverty organization Oxfam International said recently that the world could have its first trillionaire within a decade.

Oxfam has been trying for years to highlight the growing disparities between the super-rich and the bulk of the global population during the World Economic Forum’s annual meeting.

The group said the fortunes of the five richest men – Tesla CEO Elon Musk, Bernard Arnault and his family of luxury company LVMH, Amazon founder Jeff Bezos, Oracle founder Larry Ellison and investment guru Warren Buffett, have spiked by 114 percent in real terms since 2020 when the world was reeling from the pandemic.

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 Edited by Jesus Chan

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