The first trillionaires in history are on the horizon. Who are they?

Move over, billionaires — the first trillionaires are on the horizon. According to Oxfam’s latest inequality report, five individuals could surpass $1 trillion in wealth within the next decade if current trends continue.

Leading the pack is Tesla and SpaceX CEO Elon Musk, already the world’s richest person with a fortune exceeding $430 billion. Musk is projected to hit the trillion-dollar milestone in less than five years.

Joining him will likely be Amazon founder Jeff Bezos, Oracle’s Larry Ellison, Meta CEO Mark Zuckerberg, and LVMH CEO Bernard Arnault and family.

Released alongside the World Economic Forum in Davos, Oxfam’s report highlights the widening wealth gap, noting that 2024 was particularly lucrative for the world’s ultra-rich.

Billionaire wealth grew by an astonishing $2.1 trillion globally, fueled in part by a soaring stock market, with the U.S. accounting for $1.4 trillion of that increase.

Yet the report casts a sobering light on inequality. While billionaires thrive, the number of people living in poverty has remained unchanged since 1990.

Oxfam also highlights the growing concentration of inherited wealth — more than one-third of billionaire fortunes stem from inheritance rather than entrepreneurship, aided by lax taxation policies.

The wealthy are also amassing political power. Musk, a key advisor in the incoming Trump administration, symbolizes the unchecked influence of billionaires over economic and political systems.

Oxfam warns that without action, this extreme inequality will continue to erode democracy and economic fairness.