The world could soon see its first trillionaires, with five individuals projected to reach the milestone within the next decade if current trends persist, according to Oxfam's annual inequality report released Sunday reported CNN Business.

Following CNBC's latest report, Morning Brew noted that SpaceX's valuation makes it the most valuable private startup to date and is even more helpful than LVMH–the luxury holding group owning brands such as Louis Vuitton, Moet Hennessy, and TAG Heuer–which is currently valued at £285 billion ($347 billion).

President Donald Trump, along with the heads of Japan's Softbank, Oracle Corporation, and OpenAI, announced the Stargate project at the White House. These giants are set to invest up to $500 billion in building data centres and the infrastructure necessary for the development of artificial intelligence,

The ceremony in the US Capitol underscored the president’s deepening ties to titans of industry and the shifting stances of those who previously scorned him.

Mr Trump is more transactional than presidents before him, which increases the risk of cronyism and self-dealing. But America’s economy, including its technology industry, is too unwieldy and dynamic to petrify into an actual oligarchy, whatever diplomats and departing presidents say. ■

There is room for about only 800 seats inside the Capitol Rotunda, so when Donald J. Trump’s inauguration was hastily moved indoors, that meant whoever made it inside was going to have to sit cheek-to-jowl.

A who’s who of the world’s wealthiest people surrounded President Donald Trump as he took the oath of office — gathering a combined net worth exceeding $US1.3 trillion ($2.1 trillion) for the occasion.

Alphabet's Google, along with other companies such as Amazon and Meta, donated $1 million each to Trump's inaugural fund. Trump will likely dial back some of the antitrust policies pursued under former President Joe Biden, potentially including a bid to break up Google over its dominance in online search, experts said.

Donald Trump signs a slew of executive orders on the first day in office after being sworn in as the 47th president of the United States. View on euronews

Tech billionaires, foreign diplomats and CEOs shadowed U.S. President Donald Trump on Monday, with several attending St. John's Church in Washington and seated prominently on the dais in the U.S. Capitol ahead of his speech.

Behar said the planet's five richest people — Tesla CEO Elon Musk, LVMH owner Bernard Arnault, Amazon founder Jeff Bezos, Oracle founder Larry Ellison, and investor Warren Buffett — have seen their fortunes increase by 114 percent since 2020, and the prospect of someone amassing $1,000 billion — a trillion — is now very real.