THE first trillionaire is likely to emerge in the next decade as the rich become richer and the poor end up even poorer, Oxfam has warned.
The world's five wealthiest people have more than doubled their fortunes to £677billion since 2020 while the poorest 60%, almost five billion, have actually lost money.
This yawning gap between haves and have-nots is likely to grow with poverty not eradicated for another 229 years should current trends continue, the charity's report claims.
Trillionaire status would be gained when a person's fortune hits one thousand billion US dollars, making them as wealthy as Saudi Arabia.
As the planet's wealthiest gather this week in Davos, Switzerland, for the annual World Economic Forum of politicians, executives and the superrich, the report Inequality Inc highlights a stark increase in imbalance since the pandemic.
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We won't call it quits on blitz
HENRY STILL CONVINCED SYSTEM WILL TAME BOKS
JACOB BATS AWAY THE SUDDEN HYPE
Bethell keeps a level head after rapid England impact
Open wound still stings for Rory
'IT'S ONE THAT GOT AWAY'
First test looming for Lewis
NEW YEAR REVOLUTION
STRAIGHT AS A DY
O'Brien star will not lack for fitness
Pie heir 'killed his friend in planned Christmas attack'
THE heir to a £230million pie empire murdered his housemate by stabbing him in a planned Christmas Eve attack, a jury was told.
Shoplift gang's £200k haul of luxury goods
THREE shoplifters who plundered supermarkets and walked away with luxury goods, including champagne worth £4,500, have been jailed.
Church requires 'a hurricane of change' to clean up its act
DAME Vera Baird wants more senior clerics to quit or be fired over Church of England abuse revelations.
£1.4m payout for mum flung from fairground ride
A MOTHER who suffered serious injuries when she was hurled from a fairground ride has agreed a £1.43million settlement.
Give Beeb's overpaid nonentities red card
IN AN increasingly bleak world, a piece of unmitigated good news is exceedingly welcome and here it is: Gary Lineker is stepping down from Match Of The Day.
