Bill Gates expected to be first Trillionaire

Tuesday, 06 May 2014

He founded the world’s most famous software company and is dedicated to eradicating malaria. Now Bill Gates could be set to add another line to his CV: World’s first trillionaire, The Telegraph reports.

That’s according to financial forecasters who predict it’s only a matter of time before we see billions become trillions.

Bill Gates at CES 2007

 

 

American tax lawyer Bob Lord predicts the next trillionaire could emerge within 25 years as wealth levels become more concentrated.

 

“My guess is 2039 is the most likely time frame to cross that threshold,” he told The Telegraph.

 

Bill Gates is predicted to be the first person to take up the mantle (at least publicly). He’s currently the world’s richest man with a fortune of USD 79.5 billion. Carlos Slim and Warren Buffett, who are valued at USD 67.3 billion and USD 64.8 billion respectively are also in the running, although with Buffett at age 83 could be a factor.

 

Wealth Insight consultant Oliver Williams told The Times that with wealth growing at current levels the move is inevitable.

 

“You can’t be exact on when we will see the first trillionaire, and it is ‘when’ not ‘if’, but it is doubtful that it will be within 25 years; double that estimate would be more likely. The first trillionaire will be an inventor, someone who creates something world-changing, like Bill Gates did with the PC,” he said.

 

Banking giant Credit Suisse predicts there could be as many as 11 trillionaires within the next two generations.

 

“If this scenario unfolds, then billionaires will be commonplace, and there is likely to be a few trillionaires too, eleven according to our best estimate” their recent Global Wealth Report stated.
http://macedoniaonline.eu/content/view/25242/52/

 

 

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Author: Ralph Turchiano

In short, I review clinical research on an almost daily basis. What I post tends to be articles that are relevant to the readers in addition to some curiosities that have intriguing potential. As a hobby, I truly enjoy the puzzle-solving play that statistics and programming as in the python language bring to the table. I just do not enjoy problem-solving, I love problem-solving and the childlike inspiration and exploration of that innocent exhilaration of discovering something new. Enjoy ;-)

One thought on “Bill Gates expected to be first Trillionaire”

  1. Unfortunately once they get ‘up there’ among the super-rich they apparently lose sight of what is actually needed to survive and just how much they are above that level. I am glad I only have to feel as guilty as I do at being a prosperous retiree, not wealthy but still able to contribute quite a lot to others. I think the only thing I would enjoy, if that wealthy, would be giving it away to those that are so much in need. Bill does do a lot, but obviously is having a problem with that ! Sad really that we are descending back into an oligarchy – how do they live with themselves ?

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