Oxfam’s latest inequality report, unveiled on the eve of the World Economic Forum in Davos, projects that five billionaires, led by Elon Musk, are set to surpass $1 trillion in wealth within a decade.

The world could soon see its first trillionaires, with five individuals projected to reach the milestone within the next decade if current trends persist, according to Oxfam's annual inequality report released Sunday reported CNN Business.

Behar said the planet's five richest people — Tesla CEO Elon Musk, LVMH owner Bernard Arnault, Amazon founder Jeff Bezos, Oracle founder Larry Ellison, and investor Warren Buffett — have seen their fortunes increase by 114 percent since 2020, and the prospect of someone amassing $1,000 billion — a trillion — is now very real.

The world will soon have five trillionaires as the wealth growth rate of its richest people rises faster than earlier estimates, according to a recent forecast.

buying real estate for price tags that would be shocking to most is just another day at the office for Oracle founder Larry Ellison. His recent $202 million purchase of a stately London office ...

Five individuals are predicted to have net worths upwards of one trillion in a certain number of years. Can you guess who they are?

Elon Musk, Jeff Bezos, and three others are projected to become trillionaires over the next decade, further deepening global inequality as poverty levels remain stagnant.

The wealth of the world’s billionaires including Nigeria’s Aliko Dangote, Tesla and SpaceX chief executive, Elon Musk and others grew by $2trillion (£1.64trillion) in 2024, three times faster than in 2023, amounting to $5.7billion a day, according to a report by Oxfam .

Tesla and SpaceX CEO Elon Musk, currently the world’s richest person worth more than $430 billion, should cross the mark in just under five years. He will soon be joined by Amazon founder Jeff Bezos, Oracle founder Larry Ellison, Meta CEO Mark Zuckerberg and LVMH CEO Bernard Arnault and family.

Imagine earning $3.5 million ($US2 million) a day - that was the average daily income for the world's billionaires last year.

In fact, several years ago two Princeton political scientists concluded after examining the data that the U.S. is no longer a democracy, but an oligarchy. The oligarchic face of the United States then is now the face of the entire world. What is to be done?