The world might see its first trillionaire sooner than you think. And that puts a spotlight on today’s richest 1%.
In an annual assessment of global inequalities published earlier this month, Oxfam International said the first trillionaire could emerge within the next decade—as the anti-poverty organization pointed to the growing wealth gap that skyrocketed globally during the COVID-19 pandemic.
Among the findings, Oxfam highlighted how the personal fortunes of the world’s five richest people—Tesla CEO Elon Musk, Bernard Arnault and his family of luxury company LVMH, Amazon founder Jeff Bezos, Oracle founder Larry Ellison and investment guru Warren Buffett—have more than doubled since 2020.
To measure this jump, Oxfam pulled net worths from Forbes’ real-time billionaires list as of March 2020 and the end of November 2023. Such lists fluctuate over time and even within hours—so while Buffett, for example, was the 5th richest person in November, he stood in 6th place per Forbes’ Wednesday rankings.
Oxfam timed its report to the gathering of political and business elites in Davos, Switzerland, where the World Economic Forum meets annually. Numerous billionaires and multimillionaires also penned a letter calling on global leaders to fairly tax the super rich like themselves. Musk, Arnault, Bezos, Ellison and Buffett were not among the signatories—although Buffett has famously criticized the wealthy’s lower tax rates and previously advocated for policy change in the same vein.
Here’s a look at the wealth of the five billionaires spotlighted by Oxfam, and where their fortunes stand today.
Bernard Arnault and family: $210.8 billion
Bernard Arnault and his family currently hold a personal fortune of $210.8 billion per Forbes. That’s down from about $191.3 in November 2023.
The French businessman has served as CEO of LVMH Moet Hennessy Louis Vuitton, the world’s largest luxury group, since becoming the majority shareholder in 1989. He is also president of the board for Groupe Arnault S.E., which is his family’s holding company and primarily an investment firm.
Elon Musk has a net worth of $182.6 billion per Forbes’ real-time rankings as of Wednesday. That’s down from $245.5 billion as of November 2023.
In addition to being at the helm of Tesla, Musk is CEO of rocket ship company SpaceX. In 2022, he also purchased Twitter, which is now called X, for $44 billion. While he no longer serves as CEO of the social media platform, he still holds broad influence—and has faced ample pushback from issues ranging from content moderation and hate speech to alienating advertisers.
Jeff Bezos: $177.4 billion

Jeff Bezos’ net worth stood at $177.4 billion Wednesday per Forbes. That’s up from $167.4 billion in November 2023.
Back in 1994, Bezos founded Amazon out of a Seattle garage—and his wealth skyrocketed as the company grew into the e-commerce giant it is today. He stepped down as CEO in early 2021, but still has broad influence over Amazon as executive chair and the company’s biggest shareholder.
Larry Ellison: $139.3 billion
Larry Ellison currently has a personal fortune of $139.3 billion, according to Forbes, down from $145.5 in November 2023.
Ellison co-founded Oracle Corporation, a software and database management giant, in 1977 and served as CEO until 2014. He is now chief technology officer and chairman of the board. Ellison, who also had a stint on Tesla’s board of directors from 2018 to 2022, has ranked high in billionaire lists for several years now.
Warren Buffett: $126.3 billion
At the time Oxfam pulled Forbes figures for its inequality report, Warren Buffett was the world’s fifth richest person with a net worth of $119.2 billion. While his personal fortune has stayed relatively stable since ($126.3 billion as of Wednesday), Meta CEO Mark Zuckerberg has surpassed him in Forbes’ rankings with a current net worth of $137.7 billion.
Over the years, Buffett has gained a reputation for his investment success and aggressive business tactics. He runs Berkshire Hathaway, a holding conglomerate that owns dozens of companies across sectors like insurance, manufacturing, utilities, transportation and retail.
News
Billionaire Elon Musk confirmed that he has 12 children with 3 women, he must start redistributing inheritance when the 12th child is born
Billionaire Elon Musk has officially confirmed that he has had a third child with his female subordinate Shivon Zilis. Currently, Musk has a total of 12 children with 3 wоmen. In an interview with Page Six (USA), Elon Musk (52…
Every time he wins an award, Siya Kolisi gives his wife an expensive supercar to add to his car collection
Following his relocation to France, Springboks captain Siya Kolisi has added a stylish new set of wheels to his collection. Feast your eyes on his latest vehicle! Kolisi was pleasantly surprised with a brand-new Range Rover, a generous gift presented…
Justin Baldoni’s Man Enough Co-Host Liz Plank Leaves Podcast After Blake Lively Claims: ‘We All Deserve Better’ (Exclusive)
On Dec. 20 Lively accused Baldoni of sexual harassment on set and a retaliatory public smear campaign in a legal filing Justin Baldoni, Blake Lively and Liz Plank. Journalist and author Liz Plank co-hosts the podcast The Man Enough with actor-filmmaker…
Heisman Winner Travis Hunter Deactivates Instagram Account as Hatred Toward Fiancée Leanna Lenee Continues
The controversy initially began as Hunter received the Heisman trophy and many fans called out Lenee’s behavior in videos that circulated online Travis Hunter Leanna Lanee. Amid the continued vitriol going around online about his fiancée Leanna Lenee, 2024 Heisman…
Tallulah Willis Reveals She’s Engaged to Musician Justin Acee
The 30-year-old daughter of Demi Moore and Bruce Willis announced her engagement on Monday, Dec. 23 Tallulah Willis announces engagement to Justin Acee. Tallulah Willis is ready to walk down the aisle! “Everyday @justinacee,” she wrote next to the social media post…
Blake Lively’s A Simple Favor 2 Costar Michele Morrone Says He ‘Felt Her Pain’ Over Justin Baldoni’s Alleged Behavior
Morrone filmed ‘A Simple Favor 2’ with Lively shortly after she wrapped ‘It Ends With Us’ with Baldoni Michele Morrone and his costar Blake Lively. Michele Morrone is lending his support to his costar Blake Lively. On Monday, Dec. 23,…
End of content
No more pages to load