Millionaire, Billionaire Done, We Would See Trillionaire Next!
However, we have come a long way to use the terms billionaires and millionaires. American oil magnate John D. Rockefeller scripted history as the first billionaire.
By: Tupaki Desk | 20 Jan 2024 6:52 AM GMTMillions and billions have been the parameters to measure one’s wealth. The financial firms that trace the growth of the rich people and rank them also measure their wealth in the same parameters. The terms used for such people are millionaires and billionaires.
However, we have come a long way to use the terms billionaires and millionaires. American oil magnate John D. Rockefeller scripted history as the first billionaire. Back in 1916. Since then we have been seeing more and more billionaires. But we would get away with this would see a new term.
The experts say that we will be done with millionaires and billionaires as we would see the first trillionaire. As per the predictions, we would see the first trillionaire in the next decade. Oxfam International in its predictions said that the first trillionaire would emerge next decade.
Talking about the rich people who have the chance to emerge as the first trillionaire, Oxfam International said that Tesla boss Elon Musk, Bernard Arnault, Jeff Bezos, Larry Ellison, and Warren Buffett have more chances.
The predictions are not wrong as they have been in the top five richest people list for some time. There might be a slight change in their positions. Based on their wealth they might either go up in the list or slip a few positions. But they have been on the top.
If they don't have the chance then no others would have if someone pulls off a big stint. Earlier Gautam Adani emerged as the richest person in the world all of a sudden. If something like that happens we cannot say anything.
But the five have more chances compared to others and we might see one of them emerging as the first trillionaire in the world.
Oxfam International is an anti-poverty organization that works to root out poverty from the world. It said that it is not possible to root out the poverty out of the world as wanted to do by the UN for at least 229 years.