Author Topic: Rockefeller Was Almost Three Times Richer Than Bezos  (Read 947 times)

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Offline Sanguine

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Rockefeller Was Almost Three Times Richer Than Bezos
« on: May 22, 2019, 02:01:01 pm »
Quote
Carnegie, Vanderbilt, and William the Conquerer’s cousin were wealthier too, when you measure their fortunes relative to GDP.
By Tom Metcalf

Jeff Bezos, the world’s richest man, is worth $117 billion. L’Oréal SA heiress Françoise Bettencourt Meyers, the richest woman, has $54 billion. But how do their fortunes compare with those of past plutocrats? There are those who could claim to be richer. John D. Rockefeller made about $1.5 billion in his career, according to his 1937 New York Times obit—about $26 billion in today’s dollars. A better comparison, says Samuel Williamson, an economist who runs measuringworth.com, might be “relative output,” the ratio of wealth to gross domestic product. Rockefeller’s $1.5 billion was about 1.6% of the economy in 1937. Were he to own the same percentage today, his fortune would be almost triple Bezos’. Here’s what some of history’s richest people at the height of their wealth might be worth now using this approach.

$213b

Bill Gates (b. 1955): Microsoft Corp. co-founder whose foundation alone has a $51 billion endowment

$93b

Warren Buffett (b. 1930): Berkshire Hathaway Inc. chairman known for frugality (by billionaire standards)

$331b

John D. Rockefeller (1839-1937): Oil magnate usually considered the world’s first billionaire
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https://www.bloomberg.com/news/articles/2019-05-21/john-d-rockefeller-was-almost-three-times-richer-than-bezos

Offline IsailedawayfromFR

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Re: Rockefeller Was Almost Three Times Richer Than Bezos
« Reply #1 on: May 27, 2019, 01:59:47 am »
Has he still got all that money after his divorce?
No punishment, in my opinion, is too great, for the man who can build his greatness upon his country's ruin~  George Washington

Offline Sanguine

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Re: Rockefeller Was Almost Three Times Richer Than Bezos
« Reply #2 on: May 27, 2019, 02:01:45 am »
Has he still got all that money after his divorce?

Yes, I read that the ex-Mrs. just wanted out and didn't take that much.