Oxfam’s latest inequality report, unveiled on the eve of the World Economic Forum in Davos, projects that five billionaires, led by Elon Musk, are set to surpass $1 trillion in wealth within a decade.

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).

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. ■

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.

Donald Trump has been sworn in as the 47th President of the United States, taking charge as Republicans claim unified control of Washington and set out to reshape the country’s

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.

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.

Facebook founder Mark Zuckerberg, Amazon CEO Jeff Bezos and Tesla and SpaceX CEO Elon Musk — got prized positions alongside Trump on stage.

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.