The World May See its First Trillionaire in the Next 10 Years
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Soon the world may see its first trillionaire. A recent report predicted that the world will see its first trillionaire in the next ten years. The AP reported that the anti-poverty organization Oxfam International has been trying to highlight the growing disparities between the “super-rich” and the bulk of the global population for years. They did this at their World Economic Forum’s annual meeting.
According to the World Economic Forum, five billion people are poorer than in 2020. They said that millions of people are still “grappling” with the economic fallout of the COVID-19 pandemic while navigating the escalating cost of living.
Research from Oxfam shows that the five richest men have seen their fortunes more than double since 2020. The research also highlights that billionaires are $3.3 trillion (34%) richer compared to the beginning of this decade of crisis, with their wealth growing three times as fast as the inflation rate.
Who will be the first person to hit trillionaire status?
According to Forbes, the five richest people include Tesla CEO Elon Musk, businessman Bernard Arnault, Amazon founder Jeff Bezos, Oracle founder Larry Ellison, and investor Warren Buffett. The planet’s billionaires are now worth $12.2 trillion, a drop of $500 billion from $12.7 trillion in March 2022, said Forbes.
What does a trillion dollars look like?
The Imagination Station Toledo looked into what a trillion-something would look like. According to them, one trillion dollar bills would stretch nearly from the earth to the sun. They said it would take a military jet flying at the speed of sound, rolling out a roll of dollar bills behind it, 14 years before it reeled out one trillion-dollar bills.
Another organization put a trillion into perspective too. The Endowment for Human Development said that a million one-dollar bills stacked would be 358 feet high, and a billion would be about 68 miles high. As far as trillion-dollar bills, it would be just under 6,800 miles high.
10 Music Videos That Cost Over $1 Million To Make
Back in the day when music videos dominated MTV and VH1’s programming, artists and their record companies would shell out tons of money for attention-grabbing clips. Some of the most iconic (and expensive) music videos of all time were made by ’80s legends Michael Jackson and Madonna. Between the two of them alone, they produced nine music videos that cost over $1 million each.
What Does It Take To Create A Music Video?
There are a lot of elements to consider when creating a music video. Music video production budgets typically cover concept development, storyboards, pre-production, casting, on-camera talent, choreography, rehearsals, location fees, props, costumes, production equipment, production crew, post-production, editing, motion graphics, visual effects, color correction, video encoding, and digital delivery.
The rise of YouTube and the ability to watch videos on demand was just one factor that led to MTV and VH1 abandoning music videos in favor of longer-form programming. (For a great history of MTV, check out the book I Want My MTV: The Uncensored Story of the Music Video Revolution by Craig Marks and Rob Tannenbaum). Today, music artists make money off their music videos with product placement (like when you see them jamming using Beats by Dre, or wearing designer clothes or sneakers or drinking name brand drinks), sponsorships, digital downloads, and royalties. Though music videos aren’t shown on television anymore, artists are still making them and promoting them on their social platforms. After all, music videos are often a visual representation of the meaning behind a song. They give the artists another way to express their creativity in a way that enhances their music. With the rise of TikTok and the many viral dances that app has, fans sometimes get choreography inspiration directly from music videos they watch.
Keep scrolling below to see which music videos cost over $1 million to make.
Kayla is the midday host on Detroit’s 105.1 The Bounce. She started her career in radio back in 2016 as an intern at another Detroit station and worked her way here. She's made stops in Knoxville, TN, Omaha, Ne and other places before returning to Detroit. She’s done almost everything in radio from promotions to web, creating content on social media, you name it.
She’s a true Michigander, born and raised. So, you can catch her camping or vacationing up north to exploring the downtown Detroit or maybe even catching a sports game. During her free time, Kayla enjoys watching movies, roller-skating, crafting, and music festivals. She and her husband together dip into many of the great things Michigan has to offer. Together they also like to travel.
A few hobbies of hers include wine and beer tastings, crafting, hiking, roller skating, movies, home improvement projects, gardening, and festivals. She’s always looking to take on more local events happening in the community.
She loves connecting with the community. When writing, Kayla covers topics including lifestyle, pop culture, trending stories, hacks, and urban culture.
