Bill Gates is the world’s richest person, currently valued at $US120 billion. Financial forecasts show that Mr. Gates is expected to be the world’s first trillionaire in 25 years time with the assumption that their fortunes grow at their current rate. Investment bank Credit Suisse even believes that within two generations, the world will have as many as 11 trillionaires.
When Forbes started tracking the richest Americans, those with $US75 million can even make the list. Now, at least $US1 billion is needed. This is because of the concentration of wealth among companies and established individuals.
Other forerunners for the world’s first trillionaire are Carlos Slim, whose company holds 90% of the telephone lines in Mexico, and legendary US investor Warren Buffett.
Read more about this on the Age website.
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