DAVOS, Switzerland: The world could have its first trillionaire within a decade, anti-poverty organization Oxfam International said Monday in its annual assessment of global inequalities timed to the gathering of political and business elites at the Swiss ski resort of Davos. Oxfam's interim executive director said the report showed that the world is entering a "decade of division." Currently, Musk is the richest man on the planet, with a personal fortune of just under $250 billion, according to Oxfam, which used figures from Forbes. To calculate the top five richest billionaires, Oxfam used figures from Forbes as of November 2023. For the bottom 60 percent of the global population, Oxfam used figures from the UBS Global Wealth Report 2023 and from the Credit Suisse Global Wealth Databook 2019.

Source: Manila Times January 16, 2024 13:01 UTC