Look: 5 richest people in the world get richer, double wealth since 2020

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Look: 5 richest people in the world get richer, double wealth since 2020

Oxfam report predicts world could have its first-ever trillionaire in just a decade

Published: February 02, 2024 09:00 Dona Cherian, Assistant Online Editor

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the world's billionaires — A report published by Oxfam International found that the richest men in the world increased their wealth at a rate of $14 million per hour since 2020. Image Credit: AP, Shutterstock

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World's top 10 billionaires january 30, 2023 — Five of the richest men on Earth increased their wealth by more than double in the last three years, the report revealed. Oxfam added, “The world will have its first trillionaire within a decade but poverty won’t be eradicated for another 229 years.” Image Credit: Bloomberg

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Copy of Richest_Billionaires_List_09916--3cd5f-1706359954460 — Tesla and SpaceX's CEO Elon Musk has a net worth of $202 billion as of February 1. While he doubled his wealth since 2020, he is also the only one in the top 11 richest people who lost money in the last year, giving up his richest person rank twice to LVMH chairman Bernard Arnault. Image Credit: AP

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Copy of Richest_Billionaires_List_62034--fe0f3-1706359959793 — LVMH group CEO Bernard Arnault has a net worth of $183 billion on February 1, on the Bloomberg Billionaires’ Index. Image Credit: AP

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Copy of Richest_Billionaires_List_49353--00889-1706359961862 — Amazon founder Jeff Bezos is close behind Arnault with $180 billion. He stepped down as CEO in early 2021, but holds the position of executive chair, and is the company’s biggest shareholder. Image Credit: Evan Agostini/Invision/AP

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Copy of Richest_Billionaires_List_03103--14221-1706359949760 — Oracle cofounder Larry Ellison, who is the ninth richest person in the world, has a net worth of $126 billion. His wealth increased by $3.3 billion over the past year. Image Credit: AP

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Copy of Richest_Billionaires_List_52867--b1f4d-1706359956880 — Warren Buffett, Chairman and CEO of Berkshire Hathaway, has a net worth of $128 billion with an increase of $7.75 billion in the year ending February 1. Image Credit: AP

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20230913 mark — While he didn't get a mention on the Oxfam list of richest men who doubled their wealth, Meta co-founder and CEO Mark Zuckerberg recorded the highest year-to-date (YTD) increase in wealth, among the 10 richest people, at $12.8 billion as of February 1. His net worth stands at $141 billion. Image Credit: AFP

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