![]() Therefore, while Jeff Bezos may now be the richest person on the planet in terms of his total net worth, John D. In 2019, the total economic output of the United States was equal to just over $21 trillion, which is a monumental increase over the $50 billion economic output from 1916. In order for Jeff Bezos to command as large of a chunk of the economy as Rockefeller, Bezos’ net worth would have to rise to nearly $400 billion (Umoh, 2018). Rockefeller, Rockefeller’s total net worth was equal to about two percent of the United States economy. Even though Jeff Bezos’ fortune seems to vastly topple the fortune of John D. To put this into perspective, the total net worth of Jeff Bezos was estimated to be nearly $189.8 billion in July 2020 (Frank, 2018). By 1918, his fortune had grown to just over $1.5 billion, which is equivalent to around $24 billion in today’s inflation-adjusted dollars. ![]() Rockefeller became the first billionaire in America. Source: Pexels The First Billionaire in America Nearly a century before Jeff Bezos, Mark Zuckerberg, or Bill Gates mad their vast fortunes in the tech industries, Rockefeller was racing past global wealth records as a result of his ventures in the oil and gas industry. His innovations and business achievements helped to pave the way for the foundation of a wide array of American oil giants, some of which still boast among the highest levels of annual business revenue of any industry in the world. While the characterization of Rockefeller has varied throughout history, he is universally recognized for his tremendous contributions to development of the global oil industry. Depending on who is asked, Rockefeller has been portrayed as a villain, a serial entrepreneur, the king of fossil fuels, and a man of great charity. ![]() Rockefeller is considered by many to be one of the world’s richest and most powerful figures of all time.
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