We’re Just 25 Years Away From the World’s First Trillionaire. Autocorrect Can’t Even Handle That Word.

National Journal
Add to Briefcase
Marina Koren
May 6, 2014, 5:32 a.m.

There are a lot of zer­oes in $1 tril­lion — 12 of them to be ex­act.

And in about 25 years, someone on this plan­et will be worth that much money, ac­cord­ing to fin­an­cial fore­casters.

If the world’s largest for­tunes con­tin­ue to grow at their cur­rent rate, The Tele­graph re­ports, a su­per­rich per­son will reach tril­lion­aire status by 2039. That amount is the equi­val­ent of $140 for every liv­ing per­son on Earth.

The concept seems so un­fathom­able that auto­cor­rect plants a red squig­gly line un­der the word “tril­lion­aire,” and says there are “no guesses found” for the word. But fin­an­cial ex­perts have a pretty good idea of who will claim the title in the next few dec­ades.

Mi­crosoft founder Bill Gates’ $77.2 bil­lion for­tune is ex­pec­ted to top $1 tril­lion first, when he will be 83 years old. Gates is cur­rently the richest per­son in the world, ac­cord­ing to For­bes‘ an­nu­al list. Oth­er con­tenders in­clude Mex­ic­an busi­ness ty­coon Car­los Slim ($71.1 bil­lion) and Amer­ic­an in­vestor War­ren Buf­fett ($64.9 bil­lion).

For Amer­ica’s wealth­i­est class, own­ing $1 bil­lion is be­com­ing com­mon­place. When For­bes first began track­ing the for­tunes of the richest Amer­ic­ans, people who con­trolled $75 mil­lion made the list. Now the min­im­um is $1 bil­lion.

The 85 richest people in the world have the same amount of wealth as the bot­tom half of the glob­al pop­u­la­tion, ac­cord­ing to a Janu­ary re­port from Ox­fam In­ter­na­tion­al, a Brit­ish hu­man­it­ari­an group.


Welcome to National Journal!

You are currently accessing National Journal from IP access. Please login to access this feature. If you have any questions, please contact your Dedicated Advisor.