When will the world have its first trillionaire? A recent report from Oxfam International predicts one within a decade, noting that the five wealthiest men in the world are 114% richer today than they were in 2020.

That timeline strikes me as unrealistic. The path to becoming a trillionaire is very difficult — for both individual and macroeconomic reasons. Unless there is a big wave of hyperinflation, significant obstacles stand in the way of anyone trying to reach a trillion dollars in net wealth.