BETA
This is a BETA experience. You may opt-out by clicking here

More From Forbes

Edit Story

Here's Why Jeff Bezos Is Not Truly The Richest Person In History

This article is more than 6 years old.

Amazon, the global e-commerce behemoth, has brought incomparable scale to online retailing. In turn, it has brought incomparable wealth to its founder, Jeff Bezos.

As of Monday's market close, Bezos was worth more than $104 billion, making him the world's richest personat least when not factoring in inflationsince Forbes began tracking global wealth 30 years ago. In two years, his net worth has risen by over $50 billion, more than the gross domestic product of Iceland, Belize or Monaco over the same period.

Yet Bezos is not truly the wealthiest person ever, despite numerous reports to the contrary. As just one example, on an inflation-adjusted basis, Bill Gates has previously been worth far more. In April 1999, for instance, Gates’ net worth eclipsed $100 billion as Microsoft shares topped out at the apex of the dot-com bubble. That fortune would be worth roughly $150 billion in today’s dollars.

Gates, who is now worth an estimated $92 billion, would also be far richer if he had not given about $36 billion of Microsoft stock to charity over time, mostly to the Bill and Melinda Gates Foundation, the planet’s largest private philanthropic foundation.

Bezos’ fortune is nonetheless staggering, and he may well top the list of The World’s Billionaires for the first time when Forbes unveils the 2018 ranking in March. Unless Amazon’s share price unexpectedly collapses, he will have the highest-ever net worth of anyone to appear on the ranks, and by a wide margin.

For context, here are the top members of Forbes' list of The World's Billionaires in each of the last twenty years. Also included are their net worths adjusted for inflation through November 2017, based on the most recent data available from the Bureau of Labor Statistics.

Year Name Net worth Adjusted net worth
2017 Bill Gates $86 billion $87 billion
2016 Bill Gates $75 billion $77.7 billion
2015 Bill Gates $79.2 billion $82.7 billion
2014 Bill Gates $76 billion $79.3 billion
2013 Carlos Slim Helú $73 billion $77.4 billion
2012 Carlos Slim Helú $69 billion $74.2 billion
2011 Carlos Slim Helú $74 billion $81.7 billion
2010 Carlos Slim Helú $53.5 billion $60.6 billion
2009 Bill Gates $40 billion $46.4 billion
2008 Warren Buffett $62 billion $71.6 billion
2007 Bill Gates $56 billion $67.3 billion
2006 Bill Gates $50 billion $61.7 billion
2005 Bill Gates $50 billion $63.8 billion
2004 Bill Gates $46 billion $60.6 billion
2003 Bill Gates $40.7 billion $54.5 billion
2002 Bill Gates $52.8 billion $72.8 billion
2001 Bill Gates $58.7 billion $82.2 billion
2000 Bill Gates $60 billion $86.5 billion
1999 Bill Gates $90 billion $134.6 billion
1998 Bill Gates $51 billion $77.6 billion

Follow me on TwitterSend me a secure tip