Will someone ever reach the status and wealth of a trillionaire in the next 50 years??

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Will someone ever reach the status and wealth of a trillionaire * in the next 50 years??

And what main industry would you speculate will be his or her greatest asset/financial association?
* [And I'm defining trillionaire as someone who has a fortune based in US dollars at or around the currency's current market value AND NOT a current billionaire if you converted his money into Zimbabwean Dollars]
http://www.foxnews.com/story/0,2933,453526,00.html

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Type: Discussion • Score: 3 • Views: 4,395 • Replies: 13

[+3] - Sturgis - 12/12/2011[quote] Do you have that leprechaun's cell number? [/quote] RAinbow7-**** Not sure of the local area code, I have it on speed dial.

@tsarstepan,

Sorry, but my focus right now is having money for my groceries and rent. Millionaires, billionaires, trillionaires are just not of real interest. if one person gets to the point of having that much revenue...that would indicate to me that the economy and the political system have miserably failed - just like Zimbabwe.

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@tsarstepan,

Not if you are excluding inflation. There hasn't even been a trillion-dollar company yet and a single individual is incredibly unlikely to reach that kind of wealth in the next 50 years.

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@tsarstepan,

Oh I did it years ago. Since I was a wee lad, I've had leprechauns bringing me pots of gold and I've invested it wisely.

Yup, I'm close to broke and have at least 2 creditors calling daily. Now I ask, why should I pay a medical bill for a hospital that has shut down?

Will somebody ever reach that level within the 50 years next? Anything is possible.

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@Sturgis,

Sturgis? Do you have that leprechaun's cell number?

1 Reply

@Robert Gentel,

I was trying to exclude someone from bringing in an insane example of deflation when I wrote the original thread.

1 Reply

@tsarstepan,

tsarstepan wrote:

Will someone ever reach the status and wealth of a trillionaire * in the next 50 years??

Currently, the richest people in the world own about $50-100 billions worth of wealth. Assuming that worldwide wealth inequality stays about the same as today, worldwide nominal dollar wealth would have to grow by 6% to bring it up to $1 trillion in 50 years. That's realistic if you split it into 3% real annual growth and 3% annual inflation. It's not realistic if all the 6% are supposed to come from real growth alone.

Which industries is the growth going to come from? Almost certainly some industry we're not thinking about right now.

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@tsarstepan,

I saw that and wanted to make sure we were excluding normal American dollar inflation as well.

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@tsarstepan,

Quote:

Do you have that leprechaun's cell number?

RAinbow7-**** Not sure of the local area code, I have it on speed dial.

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@Thomas,

Thomas wrote:

Which industries is the growth going to come from? Almost certainly some industry we're not thinking about right now.

Asteroid mining! Surprised

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Whoever sets up a successful mission and subsequent mining operation to this following planet WILL easily be a trillionaire:
Bizarre alien super-Earth planet probably made of diamond
The alien planet, a so-called 'super-Earth,' is called 55 Cancri e and was discovered in 2004 around a nearby star in our Milky Way galaxy.
http://www.csmonitor.com/Science/2012/1011/Bizarre-alien-super-Earth-planet-probably-made-of-diamond

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@tsarstepan,

tsarstepan wrote:

Thomas wrote:

Which industries is the growth going to come from? Almost certainly some industry we're not thinking about right now.

Asteroid mining!

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@Robert Gentel,

Robert Gentel wrote:

Not if you are excluding inflation. There hasn't even been a trillion-dollar company yet and a single individual is incredibly unlikely to reach that kind of wealth in the next 50 years.

Since this thread, there have beenseveral $trillion companies.
Alphabet (AKA Google)
Apple.
Microsoft.
Amazon.
PetroChina.

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@tsarstepan,

It is reasonable for someone that wealthy to be able to double their money every 8 years (9% return). Even at 6%, it is every 12 years, so in 50 years, you could conservatively expect someone like Bezos to have 16x the wealth he has today. He's over 100 billion today so sure, there is a path.

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Will someone ever reach the status and wealth of a trillionaire in the next 50 years??

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