The international charity organization, Oxfam didn’t stopped to disclose amazing and shocking facts with their internal study, new organization’s report said one of the wealthiest businessmen in America will be the first world’s trillionaire.
Meet Bill Gates, man behind the success of Microsoft, aside from being the richest man on the planet, he will set to claim the unprecedented titled of “world’s first trillionaire.”
Last month, a report by Oxfam revealed that the world’s 8 richest men were worth more than the bottom half of the human population.
Another revelation, however, was that given these men’s exponential rate of wealth growth, Bill might become the first trillionaire by 2042—only 25 years from now at the age of 86.
Oxfam was known in the international community as a charity organization which focuses on ending global poverty and, naturally, that brings the wealthy elite under their crosshairs.
Oxfam was able to estimate how long it would take for the world’s richest man to become the world’s first trillionaire, by applying the average growth rate of wealth experienced by the ultra-rich since 2009 (11 percent per year).
“In such an environment, if you are already rich, you have to try hard not to keep getting a lot richer.” Oxfam said in a report.
Despite Bill’s insurmountable hoards of wealth, Oxfam describes the Bill and Melinda Gates Foundation—which donates many millions to charity— as “commendable.”