World May Have 11 Trillionaires in Next 60 Years
A new report shows that household wealth increased by 4.9% in the past year to a total of $241 trillion. Over the next five years, it is expected to grow an additional 40%, which would bring it to $334 trillion.
According to the Global Wealth Report by Credit Suisse, the average wealth per adult hit a record $51,600 in U.S. dollars. Less than 1% of the current world population holds 41% of the world’s wealth. Conversely, almost 69% of people have less than $10,000 in wealth. This shows a significant imbalance in wealth distribution, but that is nothing new–it has been this way for centuries.
On the positive side, wealth numbers have the potential to improve dramatically. Within the next 30 years, the not-so-wealthy portion of the population will be cut in half.
The report also indicated there may be a handful of trillionaires within the next 60 years: 11 to be exact.
Currently, the two richest men in the world are Carlos Slim Helu and Bill Gates, according to Forbes.
With the ever-changing state of the economy, you can never be sure of what the financial future holds. If it stays on its current track, the word “trillionaire” may become a part of our vocabulary.