Re:Twitter re-examines Elon Musk’s bid, may be more receptiv...
by dijit on Wednesday April 27, 2022 @02:39PM
(#31184028)
John D. Rockefeller was at the peak of his wealth in 1909, with over $900 million (in 1909 dollars). Doesn’t sound like much today—just your run-of-the-mill almost-billionaire. But that fortune represented about 5% of the TOTAL GDP of the U.S. in about 1910. That is obscenely GARGANTUAN.
If we were to translate 5% of the 2020 U.S. GDP today, that would be 5% of $20.807 trillion. Or about $1.404 trillion. So Bezos, with his $182.2 billion and Musk with his $264.6 billion, have A LONG way to go to catch up with Rockefeller.
If we were to translate 5% of the 2020 U.S. GDP today, that would be 5% of $20.807 trillion. Or about $1.404 trillion. So Bezos, with his $182.2 billion and Musk with his $264.6 billion, have A LONG way to go to catch up with Rockefeller.