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Trends and Insights

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18 Jan 2024

As Davos Starts, Oxfam Predicts World's First Trillionaire Could Emerge by 2033

The timing of this revelation, coinciding with the World Economic Forum summit's first day in Davos, Switzerland, is hardly unexpected: the [world's richest 1% now possess 43% of all global financial assets]( The report also warns of a widening wealth gap with potential for the first trillionaire in the next 10 years. The fortunes of individuals like Elon Musk, Jeff Bezos, and Bernard Arnault have doubled since 2020.