When Gates left Microsoft in 2006, his net worth was USD 50 billion, according to Oxfam. By 2016, his wealth had increased to USD 75 billion, “despite his commendable attempts to give it away through his Foundation,” the report said.
For the hypothetical analysis, Oxfam researchers applied the rate of growth he has been enjoying, 11 per cent per year since 2009, to Gates’ current levels of wealth (over USD 84 billion, according to Forbes).
According to research firm Oxfam International, the world would get its first trillionaire in the next 25 years, when Bill Gates becomes around 86 years old. A report by Oxfam International said that considering that Bill Gates’ fortune is growing at 11 per cent per year since 2009, he could become the world’s first trillionaire soon.
Source : Indian Express
Interesting. That would be a feat worth talking about to be sure, yet I have always gotten the impression that amassing wealth doesn't mean the same as it does to many others. For years I strove to build an asset base that was news worthy and while my husband and I have been blessed with the financial success that allowed me to semi-retire by the age of 40, my idea of success has changed. Being a worthy father of 3 means more to me than any amount of money.
ReplyDeleteYes I can say that at one point in my life I had the distinct pleasure of simultaneously having 2 homes that were 10,000 sq. feet each and was a member of the so-called "A List" in NYC. Spending my youth hobnobbing with celebrities and business icons makes for great stories but I would not trade my life as a stay at home father for anything.
So good for him if he makes that distinctive honor.