Gates’ $100 billion fortune in 1999 would be worth about $149 billion in today’s dollars. So today, Bezos officially passed the inflation-adjusted Gates high.
Bezos’ fortune has more than doubled over the past two years as Amazon’s stock has soared. Earlier Monday, Amazon shares hit an intraday all-time high of $1,841.95, and the company’s market value now tops $890 billion.
But there is still one wealth measurement that Bezos has yet to achieve — the wealthiest ever, as a share of national GDP.
John D. Rockefeller, who was the nation’s first billionaire, was worth 2 percent of the entire GDP of America at his peak in the early 1900s. For Bezos to top that measure, his net worth would have to climb to over $350 billion.
CEO Jeff Bezos’ 2018 shareholder letter
The annual letter, which Bezos has published every year since 1997, is widely considered a must-read by business professionals for its rich detail around the Amazon […]