Just when you thought the rich can't get any richer, Microsoft founder Bill Gates is set to become the world's first trillionaire in the coming 25 years. According to research firm Oxfam International, the world would get its first trillionaire when Gates turns around 86 years old. Their report said that considering Gates' financial growth at 11 per cent per year since 2009, he might just create a record.
By 2016, he accounts for USD 75 billion "despite his commendable attempts to give it away through his Foundation," the report said. Along with the charitable work Gates does through his personal foundation, he is also the founding members of the The Giving Pledge, a commitment from some of the richest individuals in the world to give away more than half of their worth. Oxfam researchers, for the analysis, applied his rate of growth to his current levels of wealth.
"In such an environment, if you are already rich, you have to try hard not to keep getting a lot richer," Oxfam said. The firm also issued another report proving that eight billionaires from across the globe account for as much money as the 3.6 billion people who make up the poorest half of the world population. The billionaires included Warren Buffett, Bill Gates, Inditex founder Amancio Ortega, Carlos Slim, Amazon chief executive Jeff Bezos, Facebook’s Mark Zuckerberg, former New York City Mayor Michael Bloomberg, and Oracle’s Larry Ellison.
