Rockefeller Was Almost Three Times Richer Than Bezos

 According to  Bloomberg

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.
 Read more
Click here @
Steemit.com 

$213b

Comments

Post a Comment

Popular posts from this blog

Targeting carbon emissions in China

Image
Targeting carbon emissions in #China Just three years ago, Hong Kong was generating 48 percent of its energy from coal and 27 percent from gas, while it imported the rest from mainland China. But as part of its commitment to the Paris Climate Change Agreement, the city is aiming to increase the use of natural #gas in its total energy mix for power generation to about 50 percent in 2020 and bring down its carbon footprint by up to 36 percent in 2030. CLP’s Black Point Power Station is playing a central role in reaching these targets. Black Point, located in Tuen Mun, Hong Kong, currently runs eight gas turbines in operation since 1996. When the plant entered into operation, CLP became the first electricity supplier in Hong Kong to employ natural gas for power generation, and since then, the use of natural gas has enabled CLP to reduce total emissions – even at a time when the power demand on the company’s system rose by 80 percent. Read more...... @ Steemit Click Here Now
Read more

The advantages of trading cryptocurrencies

Image
Learn everything you need to know before you start trading bitcoin, Ethereum or any other cryptocurrency. The advantages of trading cryptocurrencies Trading cryptocurrencies, while similar to trading fiat currencies on forex, comes with its own set of advantages.     Cheap fees and fast exchanges. For each trade, the exchange platform you’re using will take a small percentage as commission for the service it’s providing. This is inevitable. Where cryptocurrency trades differ from their fiat currency equivalent is in the size of this fee. Because the fees for transferring cryptocurrencies (typically via wallet payments) are cheaper than credit card and bank transfer fees, cryptocurrency-trading fees are cheaper than forex-trading fees. Start Trading with coinbase Click here     Extreme volatility. Traders make profits when the price of the currency takes large strides upwards, and cryptocurrencies often experience large price movements. While this increases the risk (large pr
Read more

What is a Report? : #LinkedIn (Report Writing )

Image
 Do you know what  a report is? What is a Report? In academia there is some overlap between reports and essays, and the two words are sometimes used interchangeably, but reports are more likely to be needed for business, scientific and technical subjects, and in the workplace. Whereas an essay presents arguments and reasoning, a report concentrates on facts. Essentially, a report is a short, sharp, concise document which is written for a particular purpose and audience. It generally sets outs and analyses a situation or problem, often making recommendations for future action. It is a factual paper, and needs to be clear and well-structured. Requirements for the precise form and content of a report will vary between organisation and departments and in study between courses, from tutor to tutor, as well as between subjects, so it’s worth finding out if there are any specific guidelines before you start. Read more.... Click here
Read more