•   
  •   

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

14:06  14 january  2018
14:06  14 january  2018 Source:   cnbc.com

How Amazon's Jeff Bezos went from son of a teen mom to building a $105 billion fortune

  How Amazon's Jeff Bezos went from son of a teen mom to building a $105 billion fortune On Monday, Bezos' wealth surpassed that of Bill Gates at his richest. Here’s his story.Jeff Bezos' wealth hit a high of $105.1 billion on Monday, according to the Bloomberg Billionaires Index, surpassing MicrosoftMSFT co-founder Bill Gates' previous record of $100 billion in 1999, reports CNBC.

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

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

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 Horn happy to take hard road: Rushton

  Jeff Horn happy to take hard road: Rushton Jeff Horn's trainer Glenn Rushton is comfortable with choosing the hard road instead of taking the easy money on offer against Anthony Mundine.An official announcement is imminent after Horn's camp agreed terms for an April 21 match-up against Crawford, the unbeaten American who is a former world champion in two weight classes and regarded as one of the best active fighters on the planet.

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

Jeff Bezos fortune has topped 5 billion (£77.7bn), leading to a flood of headlines about the Amazon founder being " the richest man of all time ." 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.

What to watch next
  • a van driving down a street: Ex-tropical cyclone could drench WA’s coast

    Ex-tropical cyclone could drench WA’s coast

    9News.com.au Logo
    9News.com.au
    1:15
  • a screenshot of a cell phone: Missile panic in Hawaii

    Missile panic in Hawaii

    9News.com.au Logo
    9News.com.au
    2:02
  • Thousands of contraband items discovered in Queensland prisons

    Thousands of contraband items discovered in Queensland prisons

    ABC News Logo
    ABC News
    2:09
  • a woman standing in front of a screen: Alleged Madeleine McCann conman reportedly found dead

    Alleged Madeleine McCann conman reportedly found dead

    9News.com.au Logo
    9News.com.au
    0:20
  • a woman standing in front of a building: Brawl in Sydney’s inner-west

    Brawl in Sydney’s inner-west

    Today Logo
    Today
    0:20
  • Teen fighting for life after Queensland house fire

    Teen fighting for life after Queensland house fire

    9News.com.au Logo
    9News.com.au
    0:37
  • Man stabbed to death

    Man stabbed to death

    ABC News Logo
    ABC News
    0:42
  • Empowering African communities

    Empowering African communities "key to moving forward"

    ABC News Logo
    ABC News
    1:29
  • Pharmaceutical giant ceases Alzeimer's research

    Pharmaceutical giant ceases Alzeimer's research

    ABC News Logo
    ABC News
    2:25
  • NSW bushfire

    NSW bushfire

    9News.com.au Logo
    9News.com.au
    1:24
  • Tasmania's only abortion clinic closes

    Tasmania's only abortion clinic closes

    ABC News Logo
    ABC News
    1:39
  • Sand sculptures provide touch of magic

    Sand sculptures provide touch of magic

    ABC News Logo
    ABC News
    1:41
  • Melbourne African leaders host meeting on crime

    Melbourne African leaders host meeting on crime

    AAP Logo
    AAP
    1:42
  • a woman standing in front of a building: Brawl in Sydney’s inner-west

    Brawl in Sydney’s inner-west

    9News.com.au Logo
    9News.com.au
    0:20
  • a young girl riding a wave on a surfboard in the water: Queensland heat

    Queensland heat

    9News.com.au Logo
    9News.com.au
    0:17
  • Refugees swim for the first time

    Refugees swim for the first time

    ABC News Logo
    ABC News
    1:47
UP NEXT
UP NEXT

Jeff Horn set to face Terence Crawford

  Jeff Horn set to face Terence Crawford The Hornet now faces his biggest challenge yet.An official announcement could come as early as next week after Horn's camp all but confirmed terms for an April 21 clash against Crawford at Las Vegas' T-Mobile Arena.

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

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 . And while some say Vladamir Putin is probably richer , we have no way of knowing since his wealth is kept secret.

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.

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.

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

Jeff Bezos fortune has topped 5 billion (£77.7bn), leading to a flood of headlines about the Amazon founder being " the richest man of all time ." 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 .

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

Follow us on Facebook, and on Twitter

Jeff Horn has verbal agreement to fight Terence Crawford .
Current WBO welterweight title holder Jeff Horn reportedly has a verbal agreement to defend his title against American Terence Crawford. Horn's promoter, Dean Lonergan, has said the potential bout may take place in Madison Square Garden on April 14.Lonergan believes the fight will be made official within the next fortnight.“We’re heading hard towards fighting Terence Crawford. There is no contract yet but we’re working towards it,” Lonergan said.“It will be an absolutely massive fight night. We’re really excited about what’s going on. This is Jeff’s chance for global glory.“This will be Jeff’s biggest payday.

—   Share news in the SOC. Networks

Topical videos:

This is interesting!