The race is on between the richest people in the world. Which one of these high net worth individuals is ready to become the world’s first trillionaire? As per the latest, April 2020 list by Visual Capitalist the net worth of the richest individuals amounts to – Jeff Bezos of Amazon (USD 145.1 billion), Bill Gates of Microsoft (USD 103.6 billion), Bernard Arnault Family owners of LVMH (USD 91.5 billion), Warren Buffett of Berkshire Hathaway (USD 73.4 billion), Marck Zuckerberg of Facebook (USD 68.8 billion). As the coronavirus (COVID-19)a continues to spread globally, these world billionaires will need to reinvent their business at greater speeds, render unconventional policies, and lead their corporations to a new world post COVID-19 if they wish to earn the title of ‘FIRST TRILLIONAIRE’.
A study undertaken by Comparisun, analyzed the data over the last 5 years using two variables,
- Net worth of the richest 25 people in the world (Forbes list), and
- Market capitalization of the 25 highest valued companies on the New York Stock Exchange (Macrotrends).
With the above data, Comparisun calculated the average yearly % growth over the last five years. Then by applying this rate of growth for each future year, they arrived at a comprehensive list of names and at what age the most likely persons will step into the ‘Trillionaire Club’.
The recent report titled ‘The Trillion Dollar Club’, by Comparisun, the company that advises small businesses, puts Amazon founder and CEO Jeff Bezos as the most likely candidate to become the world’s first trillionaire in the year 2026 at the age of 62. In July 2019, despite the payout of USD 38 billion divorce settlement to MacKenzie Bezos, Jeff Bezos continued to rank as the world’s richest person with an average net worth increase of 34% over the last five years.
Other Trillionaires in Line
- In the year 2028, we will be looking at Xu Jiayin the Chairman of Evergrande Group, as the second richest man in the world. Evergrande Group of China is an investment holding company, which engages in the development, investment, and management of real estate properties. The company also has interests in various sectors like health, hotel operations, finance and, the internet sector.
- On the third position is Jack Ma of Alibaba who is expected to become a trillionaire in 2030 when he turns 65 years old. Alibaba Group Holding Limited is a Chinese multinational technology company specializing in e-commerce, retail, Internet, and technology. Its winning model of business acts as a middleman between online buyers and sellers for the sale of goods between the two parties through its extensive network of websites.
- Chairman of Tencent, Ma Huateng is expected to take fourth place in the trillionaire list by 2033. His company Tencent Holdings, Ltd. is a Chinese multinational conglomerate holding company whose subsidiaries specialize in various Internet-related services and products, artificial intelligence and technology, and entertainment.
India’s very own Mukesh Ambani
The chairman, managing director, and largest shareholder of Reliance Industries Ltd., a Fortune Global 500 company, Mukesh Ambani, is expected to become a trillionaire in 2033 at the age of 75. In April 2020, he became the richest man in Asia. Currently, the 15th richest individual in the world, Mukesh Ambani with a net worth of USD 53.3 billion, is all fired up to enter the most elite club. Reliance Industries Limited (RIL) the largest publicly traded company in India, is an Indian multinational conglomerate company with businesses in the energy, petrochemicals, textiles, natural resources, retail, and telecommunications sectors.
This is a study based on the last 5 years of doing business. Having said that, let’s not be naïve and expect everything to continue as it did over the last 5 years. Recently companies have started to shift manufacturing out of China. The coronavirus (COVID-19) has changed everything. Today, the world’s richest man and Amazon CEO Jeff Bezos is building a testing lab where Covid-19 tests could be conducted on the front line employees. The company claims that it has made over ‘150 significant process changes at sites around the world to ensure the health and safety of its employees.’ Equations are shifting fast in the reopening of the global economy post-COVID19. Companies may need to alter their old ways of doing business, either incrementally or radically in line with new trends that will define the months ahead. Only the best will survive. Let’s wait and watch who makes it to the finishing line of USD 1,000,000,000,000 to enter the Trillionaire Club.