A report by Oxfam into poverty inequality, has shown that world richest man Bill Gates is now set to become the world’s first trillionaire, despite his noble effort to give away his fortune. Although Bill Gates keeps giving away billions through his various philanthropic activities, his wealth now has a momentum of its own and is set to accumulate even further.
Oxfam said Gates’ fortune has risen 50 percent – the equivalent of $25billion (£20billion) – since stepping down from working full-time at Microsoft in 2006, now rising to a staggering $84.3 Billion. The report stated if billionaires like Gates continue to secure these returns, “we could see the world’s first trillionaire in 25 years”.
It appears that no matter how hard you try, “if you are already rich you have to try hard not to keep getting a lot richer”, according to the poverty experts.
They say the world’s eight billionaires have as much wealth as the 3.6billion people who make up the poorest half of the world’s population.
Gates is predicted to hit the trillion mark by the age of 86 but is unlikely to leave much of it in his will.
The philanthropist been very open about how he will not gift his kids inheritance money over fears it will “distort their lives”.
He said his three children Jennifer, 20, Rory, 17, and Phoebe, 14, would not be receiving his £70billion fortune as it was going to good works instead.
He said: “Our kids will receive a great education and some money so they are never going to be poorly off but they’ll go out and have their own career.
“It’s not a favour to kids to have them have huge sums of wealth.
“It distorts anything they might do, creating their own path.”
The 61-year-old set up the Bill and Melinda Gates Foundation with his wife in 2000 and the trust has already given away $28billion in the fight against global poverty.
The billionaire also offered some sage advice for the world’s poorest, telling people that raising chickens is the key to prosperity in a blog post.
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Remember, if you have a compelling vision, nothing should be able to stand in the way of your success. Bill Gates became the richest man on earth, because he had a compelling vision to “place a computer in every household and every home”. In so doing, he change the world and built an empire.
What is your Vision Statement ? You can never score a goal, if you don’t know where the goal post is. If you have no vision, then you have no direction. “my people perish for lack of
“A man without a vision is a man without a future. A man without a future will always return to his past.” (P.K. Bernard)
“Where there is no vision, the people perish” – Proverbs 29:18
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