Money Jeff Bezos is now the richest of all time — sort of

14:06  14 january  2018
14:06  14 january  2018 Source:   CNBC

Just 9 of the world's richest men have more combined wealth than the poorest 4 billion people

  Just 9 of the world's richest men have more combined wealth than the poorest 4 billion people Evan Vucci/AP Amazon CEO Jeff Bezos recently reached a net worth of $105 billion, making him the richest person in the world — and ever in history. A recent study released by Oxfam found that the top 1% has owned more wealth than the rest of the world's population since 2015. And the eight richest have the same amount of wealth as the poorest half of the world — nearly 4 billion people. If these top billionaires continue to see returns on their wealth, we could see the world's first trillionaire in as little as 25 years.Currently, there are over 1,500 billionaires in the world, with more than 560 in the US alone.

Share on LinkedIn. Jeff Bezos ’ fortune has topped 5 billion, leading to a flood of headlines about the Amazon founder being “ the richest man of all time .” So in simple dollar terms, Bezos is now richer .

Jeff Bezos is now the richest of all time - sort of . 17 Hours Ago. The president's tweet drew fresh attention to the fragile finances of the Postal Service at a time when tens of millions of parcels have just

Jeff Bezos © Provided by CNBC Jeff Bezos

Jeff Bezos fortune has topped $105 billion (£77.7bn), leading to a flood of headlines about the Amazon founder being "the richest man of all time."

By one measure, this is true. Bill Gates had been the richest man ever, with a fortune that topped $100 billion in 1999. So in simple dollar terms, Bezos is now richer. And while some say Vladimir Putin is probably richer, we have no way of knowing since his wealth is kept secret.

Vladimir Putin © Getty Vladimir Putin

But wealth is all relative. In inflation-adjusted terms, and as a share of a national economy, Bezos still has a ways to go to be the richest man in history.

Jeff Bridges' home 'severely damaged' in California mudslides

  Jeff Bridges' home 'severely damaged' in California mudslides The home could be a total loss."Our home has been severely damaged, but we are safe, and so thankful for that and for the first responders who are working tirelessly to save people," he tweeted on Jan. 11. "We are heartbroken over the loss of lives in our community. Your prayers and best wishes are most appreciated.

Share on LinkedIn. Jeff Bezos ’ fortune has topped 5 billion, leading to a flood of headlines about the Amazon founder being “ the richest man of all time .” So in simple dollar terms, Bezos is now richer .

Jeff Bezos ' fortune has topped 5 billion, leading to a flood of headlines about the Amazon founder being " the richest man of all time ." By one measure, this is true. Bill Gates had been the richest man ever, with a fortune that topped 0 billion in 1999. So in simple dollar terms, Bezos is now richer .

Let's start with Gates' fortune. In 1999, he became the first person to have 11 zeros. But $100 billion isn't what it used to be. If you adjust for inflation, Gate's $100 billion fortune in 1999 would be worth about $147 billion today. So in inflation-adjusted terms, Bezos is still about $42 billion short of passing Gates.

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Mundine hits out at 'white boy' Horn

  Mundine hits out at 'white boy' Horn Anthony Mundine says Australia's latest boxing sensation Jeff Horn is only getting plaudits from the media because he is white.Speaking to News Corp Australia Mundine, who was hoping to fight Horn this year before the 29-year-old elected to head to the United States for his next bout, described him as the 'flavour of the month'.

Share on LinkedIn. Jeff Bezos ’ fortune has topped 5 billion, leading to a flood of headlines about the Amazon founder being “ the richest man of all time .” So in simple dollar terms, Bezos is now richer .

Jeff Bezos ' fortune has topped 5 billion, leading to a flood of headlines about Bezos being " the richest man of all time .".

John D. Rockefeller is often called the richest American ever, since he was the first billionaire. His fortune was estimated at $1.5 billion in 1918, which in inflation-adjusted terms would be about $24 billion today.

That doesn't sound like much. But relative to the economy, $1.5 billion meant a lot more in 1918.


Aside from adjusting for inflation, fortunes can also be measured as a share of national GDP. And by that measure, Rockefeller's fortune was the equivalent of nearly 2 percent of total U.S. economic output at the time. To have the same share today, with a U.S. GDP of over $18 trillion, Bezos would need to be worth over $350 billion.

Historians often say that Augustus Caesar was the richest in relative economic terms, since he ran an empire that accounted for more than a quarter of the global economy at the time. And some say Caesar's fortune was equal to about 20 percent of his empire's economy. That would be the equivalent of nearly $5 trillion today.

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Jeff Bezos ’ fortune has topped 5 billion, leading to a flood of headlines about Bezos being “ the richest man of all time .” So in simple dollar terms, Bezos is now richer .

Jeff Bezos ’ fortune has topped 5 billion, leading to a flood of headlines about Bezos being “ the richest man of all time .” By one measure, this is true. Bill Gates had been the richest man ever

So Bezos is the richest in pure dollar terms. But while Amazon may be out to rule the world, Bezos still has trillions to go before he can truly claim to have conquered history's rich list.

The 20 richest people of all time (Lovemoney)

The most wealthy individuals ever: Step aside Carlos Slim and Warren Buffett. When it comes to the 20 richest people in history, these massively wealthy tycoons don't even get a look-in. From 19th-century American industrialists to the African king who once owned half the world's gold, here are the most moneyed people of all time, as guesstimated by leading economists and historians and adjusted for inflation. The 20 richest people of all time

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China's Richest Woman's Wealth Rose by $2 Billion in 4 Days .
A share surge at Country Garden Holdings Co., China’s largest developer by sales, has sent Vice Chairman Yang Huiyan’s wealth up by $2.1 billion -- and that’s just in the first four trading days of the year. Yang, controlling shareholder of Country Garden, saw her fortune soar to $25.6 billion as of Jan. 5 to rank as the fifth-richest person in the nation, according to the Bloomberg Billionaires Index. That’s before Country Garden’s shares rose another 6.9 percent on Monday in Hong Kong trading, taking its year-to-date-gain to more than 16 percent.

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