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.

WASHINGTON, DC – JANUARY 20: Guests including Mark Zuckerberg, Lauren Sanchez, Jeff Bezos, Sundar Pichai and Elon Musk attend the Inauguration of Donald J. Trump in the U.S. Capitol Rotunda on January 20, 2025 in Washington, D.C. Photo by Julia Demaree Nikhinson – Pool/Getty Images.

Shares of Louis Vuitton Moet Hennesy ( LVMUY -1.54%) were moving higher today in symphony with a strong earnings report from luxury peer Richemont ( CFRUY 0.34%), the owner of Cartier. The results seemed to indicate a long-awaited recovery in the luxury sector, and sector stocks broadly gained on the news.

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).

A who's who of tech titans, business magnates, and global elites attended President Donald Trump’s 2025 inauguration, including Musk, Bezos, and Zuckerberg.

President Donald Trump struck a deal for the replacement aircraft during his first term. Boeing is working with Trump advisor Elon Musk on ways to deliver delayed, overbudget Air Force One replacements sooner, CEO Kelly Ortberg said Tuesday.

Taylor Swift fans are calling for the Eras Tour star to sue Elon Musk on Sunday. Swift, 35, is currently in attendance at the AFC Championship Game, between the Kansas City Chiefs and the Buffalo Bills.

The world is set to witness the emergence of five trillionaires within the next decade, according to Oxfam's latest inequality

"Elon and I have hugged it out," Dimon said, while praising Musk for running multiple high-profile companies such as Tesla, SpaceX and Neuralink.

A custom hat that was almost lost and a lingerie-inspired “shirt” that may still be at large: every inaugural fashion moment that nearly stole the show.

Rapper Jay-Z has been the world's richest musician for the past eight years, with a net worth of $2.5 billion, according to Forbes - twice as much as Taylor Swift.