Read more about how Jeff Bezos became the richest man in the world, Like us on Facebook to see similar stories, Fact check: Officer who wore 'Trump 2020' mask to polls to face disciplinary action, Chipotle reveals it killed the free tortilla side because people were ordering too many during the pandemic. Do you know these lucrative Social Security secrets? Known For: Being the last Emperor of Russia. They ranked these bazillionaires (my term, not theirs) according to the total GDP of the nation they lived in and adjusted their net worths to account for inflation as of 2007. As of 2006, he dropped off the list of the wealthiest people in the world. After Andrew Carnegie died, Rockefeller regained the richest in the world title. William Henry Vanderbilt was Cornelius' son. Cornelius Vanderbilt, $167.4 billion, courtesy of the New York and Harlem Railroad and the shipping industry. When he died in 1836, Rothschild was worth the equivalent of 0.62% of British national income. He led a brutal suppression against rebels that killed 150,000 people. He was America's first-ever billionaire (not even including inflation). During his golden years, the business magnate continued to give lavishly, donating more than $500 million to good causes, a tradition carried on by his many notable descendants, who include former US Vice President Nelson Rockefeller and banker David Rockefeller. About: William Henry Vanderbilt started his business training at the early age of 19 as a bank clerk. He was born in Dunfermline, Scotland in 1835 and was the driving force behind the expansion of the steel industry in the U.S. Carnegie Steel sold to JP Morgan in 1901 for $480 million, which is equal to $14.6 billion today. Following Girard's death in 1831, scion of the Rothschild banking dynasty Nathan Mayer Rothschild took over as the richest person in the world. The following year, he sold his steamboat business to focus on railroads. About: John D. Rockefeller built an oil refinery in Cleveland, Ohio, which would later become the Standard Oil Trust. He inherited $100 million from his dad, but he definitely had financial chops of his own - by the time he died nine years after the inheritance, he had nearly doubled the fortune ($194 million). About: Jacob Fugger was a German banker who inherited a trade and banking business from his father. #52, Howard Hughes "“ $43.4 billion. At the time of his death in 1885, he had more than doubled the family fortune and was worth $232 million, equivalent to $6.2 billion (£5bn) in today's money. William Henry Vanderbilt picked up where his father left off and expanded the dynasty's railroad empire with aplomb, while donating vast sums to … John Jacob Astor was born in Walldorf, Germany in 1763 and emigrated to the U.S. in 1784, where he got into the fur trade and built up a very lucrative monopoly. With Osman’s death, his funeral procession was one of the largest in Indian history. Of course today, that is equivalent to $182.2 million, but that's still a far cry from the more than $100 billion net worth of Bezos, Bill Gates, and sometimes Bernard Arnault. Proscriptions were only part of his overall wealth. Quote: “A market is never saturated with a good product, but it is very quickly saturated with a bad one.”. Known For: By the time of his death, only nine years after taking over the family business, Vanderbilt nearly doubled his inheritance. But none of them even make the top 10 richest people of all time. The miserly oil magnate hit the headlines in 1973 when he refused to pay a $17 million ransom to secure the release of his grandson John Paul Getty III, who had been kidnapped in Rome. Ironically, the breakup of Standard Oil caused the companies’ combined net worth to rise fivefold, giving Rockefeller over $900 million. Editor’s note: Gloria Vanderbilt died on June 17, 2019, at the age of 95. Other notables to make the list include: Coming into the new decade, Jeff Bezos once again topped Forbes’ Billionaires list of 2019 with a net worth of $131 billion (£106bn), a figure which has decreased in part due to his divorce settlement with his now ex-wife Mackenzie (pictured) in April 2019, which cost around $38 billion (£30.7bn). Cornelius Vanderbilt will celebrate 83rd birthday on Thursday, May 27, 2021. Who is Cornelius Vanderbilt 's girlfriend? His fortune, however, played a large part in gaining support from senators. Making use of his connections, Carnegie established businesses that supplied rails and bridges to railroads. In the 1920s his charitable donations pretty much eradicated yellow fever and hookworm in the U.S. Rockefeller remained the richest man in the world right up until his death in 1937. After starting and failing with multiple automobile companies, Ford eventually created the Ford Motor Company. Fun Fact: Adolf Hitler kept a life-size portrait of Ford next to his desk. World War I eventually sealed the fate of the royal family. In 1937, Time magazine named Osman Ali the richest man in the world. Cornelius Vanderbilt Net Worth $185 Billion. He is the descendant of a Dutch indentured servant. Getty kept his grip on both the global oil industry and the richest person in the world title throughout the 1960s. 4. William Henry Vanderbilt is one of the successful Philanthropist. All of this led to an American empire that consisted of 20,000 domestic wells; 4,000 miles of pipeline; 5,000 tank cars and over 100,000 employees. If we somehow managed to do it, we’re sure historians and economists alike would be extremely pleased. In 1877, Vanderbilt family’s net worth was gigantic and approximated to be around $200 million. The following year, the business magnate sold his steamship concerns to focus 100% on railroads and went on to create the New York Central and Hudson River Railroad company, one of America's first mega-corporations. In his third decade of being the world's richest person, Vanderbilt turned to philanthropy and his $1 million seed money founded Vanderbilt University in Nashville. Rockefeller was usurped as the richest person in the world at the turn of the century by arch rival Andrew Carnegie. Bill Gates is a US business giant and computer programmer and co-founder of Microsoft, the world’s largest PC software company. How He Made His Fortune: Carnegie Steel Company – steel producer, investments. When he died in 1976, Getty had a net worth of $6 billion, about $27.3 billion (£22bn) when adjusted for inflation. William Henry Vanderbilt, $231.6 billion, mostly thanks to the Chicago, Burlington and Quincy railroads. 6. In 1811, Girard set up his very own bank, which provided the main source of credit for the US government during the War of 1812. Top 20 Entrepreneur celebrities in Argentina, Top 20 Entrepreneur celebrities in Australia, Top 20 Entrepreneur celebrities in Bangladesh, Top 20 Entrepreneur celebrities in Belgium, Top 20 Entrepreneur celebrities in Brazil, Top 20 Entrepreneur celebrities in United States. By the time of his death in 1947, he was the richest man in the world, and rightfully so for how much he changed life as it was known back then. William Henry Vanderbilt was Cornelius' son. #15, Elizabeth I - $142.9 billion. He left school at 11, launched a ferry service at 16, and that became a booming nationwide steamboat business. Andrew Carnegie's steel company earned him about $298.3 billion. “I regard Henry Ford as my inspiration,” Hitler told a Detroit News reporter two years before becoming the Chancellor of Germany. #83, Queen Elizabeth II "“ $43.4 billion. However, Nicholas was not ready to become Emperor. Currently, Cornelius Vanderbilt is 82 years old. He went on to create the New York Central and Hudson River Railroad Company, which was one of the first mega corporations in the U.S. By the 1940s, Ford had risen to become the wealthiest person the planet. Cornelius married Sophia Johnson in 1813 and he had another son named George Washington Vanderbilt II. Known For: Suppressing the slave revolt led by Spartacus. That year, the legendary investor's net worth peaked at $62 billion, the equivalent of $74.5 billion (£60.2bn) today, making him richer than any other person on the planet during the 2000s. Oprah is only worth about $2.7 billion. He co-founded Standard Oil in 1870 and eventually controlled 90% of all oil refined in the USA. Jacob led a consortium of German and Italian businessmen that loaned Charles V gold in order to secure his election as Holy Roman Emperor. Vanderbilt`s family origins can be traced to the Netherlands; Cornelius` great-great-grandfather, named Jan Aertson was a farmer who emigrated to New York in the 17 th century, as an Indentured servants. Paul Getty was born in 1892 in Minneapolis. $253.5 billion, inherited from his dad, Alexander III, who was the previous Emperor of Russia. Real estate values nosedived in the 1990s and Tsutsumi was caught up in an accounting scandal in the early 2000s. Carnegie was a major philanthropist who gave away 90% of his wealth before he died in 1919. Charles would then go on to give the Fugger family noble rank and grant them sovereign rights over their lands – also allowing them to mint their own money. It is enough to kill anyone. 2. After the death of Cornelius Vanderbilt, his son, William Henry Vanderbilt almost doubled his father’s empire by expanding the New York Central Railroad. He donated more than $500 million to charities. It would be pretty cool to be the richest person in the world. How He Made His Money: Inheritance, railroads. Fun Fact: Rufus was accused of abducting Gunhilda, daughter of King Harold, and seducing her. 9. He died in 1836. Hemophilia therefore became known as “the royal disease.”. We've all got time on our hands with the Covid-19 shut down of, well, everything, so let's dive right in! But she's only 54 "“ she's still got time to crack the top 200. Quote: “I would rather earn 1% off 100 people’s efforts than 100% of my own efforts.”. Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article. About: Nathan Mayer Rothschild was a London financier and one of the founders of the international Rothschild family banking dynasty. Known For: Rufus’ fortune represented more than 7% of Britain’s net national income at the time. Fun Fact: Jacob became well known, even after his death, as Jacob Fugger the Rich. With the introduction of the Model T and moving assembly belts, Henry Ford became an instant success. 4. However, Crassus would get his revenge while commanding the left wing of Sulla’s army, making a fortune from proscriptions himself. ), The 20 Richest People In The U.S. In 1911, the US Supreme Court found Standard Oil in violation of anti-trust laws and ordered the break-up of the company. Nearly all of the major public buildings in Hyderabad city were built during his reign. At 17, I was working part-time as a clerk at a drug store and wearing a really sweet mauve smock (that's right: mauve). Read more about Getty and the tragic life of the man with all the money in the world. The next time you’re browsing through some of the cool stuff we feature here on inStash and wishing you had the money to buy it all, look to those who monopolized money for inspiration; those who not only knew how to make money, but (we’re willing to bet) had a damn good time spending it, as well. For a contemporary equivalent, one has to imagine a merger between Merrill Lynch, Morgan Stanley, J P Morgan and probably Goldman Sachs too – as well, perhaps, as the International Monetary Fund, given the nineteen-century Rothschild’s role in stabilising the finances of numerous governments.”. Aside from the factors mentioned above, there are also the issues of credible information and historical evidence – and then it needs to be decided if legends have a place on the list. He dropped out of school at age 11 to work for his father's ferry business. He also became a major art collector in this decade. For instance, the richest man of the 1820s had a net worth of $7.5 million. #45, J. Paul Getty - $50.1 billion. By 1889, Mellon had expanded to shipbuilding, construction, steel and oil.