Business

Why Bill Gates Could Be the World’s First Trillionaire

Bill Gates, who currently has a net worth of $84.8 billion, could possibly be the world’s ever (publicly known) trillionaire.

If the Microsoft co-founder can somehow sustain the rapid growth of his business for the next 25 years, the world will see the first ever confirmed trillionaire.

An analysis of Gates’ wealth was conducted by Oxfam, an organization that works on how to improve poverty, according to CNBC.

In their analysis, if the 61-year-old sustains his 11% growth each year, Gates would reach trillionaire status by age 86. The research also included other factors like Gates’ charitable works where he gives away part of his wealth.

The billionaire has his own foundation called the Bill & Melinda Gates Foundation and is also a co-founder of The Giving Pledge wherein some of the world’s richest people commit to giving away more than half of their riches to charity and good causes.

When Gates left Microsoft in 2006, he had a net worth of $50 billion. Although many would assume that his fortune would start shrinking from there, his wealth increased to $75 billion after ten years despite his attempts to give away his money through his personal foundation.

In addition, the research from Oxfam also revealed that the wealth of the eight richest people in the world – Bill Gates, Amancio Ortega, Warren Buffett, Jeff Bezos, Mark Zuckerberg, Carlos Slim Helu, Michael Bloomberg and Larry Ellison – is the same as the combined wealth of the 3.6 billion of the poorest half of the world, Business Today noted.

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