One Billion Millionaires

That’s what we’re on pace for, and a handful of trillionaires too. The first ever trillionaires if you don’t count the Pharaohs or Alexander or Crassus or John D. Rockefeller or Charlamagne or Atahualpa of the Egyptian, Macedonian, Roman, Standard Oil, Holy Roman and Incan Empires, respectively.

Trillionaires is not even yet a word – the WordPress software I’m using to write this keeps wanting to autocorrect it to triceratops or something.

Anyway, here’s what wonders of wealth lie ahead via The Telegraph:

The world’s first trillionaire could emerge within just 25 years, financial forecasters have claimed.

Bill Gates, the Microsoft founder and richest person on Earth, is expected by many to be the first to reach trillionaire status.

If the world’s greatest fortunes continue to grow at their current rate, boosted by the rapid wealth creation in emerging markets such as India and China then Gates or one of the planet’s super-rich elite could have a trillion dollars to their name by 2039, according to some predictions.

Others, such as investment bank Credit Suisse, believe there will be 11 trillionaires within just two generations.

“Two generations ahead, future extrapolation of current wealth growth rates yields almost a billion millionaires, equivalent to 20 per cent of the total adult population,” the bank wrote in its annual Global Wealth Report last year.

I’m pretty excited to see that, actually.

Source:

World could see first trillionaire in 25 years (Telegraph)

 

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