{"id":7396,"date":"2014-12-09T15:59:24","date_gmt":"2014-12-09T15:59:24","guid":{"rendered":"https:\/\/highplainsblogger.com\/?p=7396"},"modified":"2014-12-09T15:59:24","modified_gmt":"2014-12-09T15:59:24","slug":"wealth-measurement-changes-with-times","status":"publish","type":"post","link":"https:\/\/highplainsblogger.com\/?p=7396","title":{"rendered":"Wealth measurement changes with times"},"content":{"rendered":"\n<div class=\"twitter-share\"><a href=\"https:\/\/twitter.com\/intent\/tweet?via=jkanelis\" class=\"twitter-share-button\">Tweet<\/a><\/div>\n<p>Warren Buffett is now the world&#8217;s second-richest man.<\/p>\n<p>The title used to belong to Carlos Slim. Both of these guys trail Bill Gates by a good bit. Several billions of dollars,\u00a0I think.<\/p>\n<p>http:\/\/www.msn.com\/en-us\/money\/savingandinvesting\/buffett-unseats-mexicos-slim-as-worlds-second-richest-person\/ar-BBgpiKD<\/p>\n<p>I see these surveys measuring people&#8217;s wealth. Gates is worth tens of <em>billions<\/em>. Same with Buffett and Slim &#8212; and whoever else comprises the Top 10 list of richest people on the planet.<\/p>\n<p>Inflation has done a lot of things to the way we measure these matters.<\/p>\n<p>It all reminds me of how much the actual dollar has been devalued over the past, oh, 40 years.<\/p>\n<p>Aristotle Onassis died in 1975. He was a shipping tycoon with merchants ships carrying cargo all around the world. At the time of his death, he was considered one of the world&#8217;s top two richest men. I seem to recall it was a see-saw contest between him and a rival Greek shipping magnate, a guy named Stavros Niarcos.<\/p>\n<p>What was Onassis&#8217;s wealth at the time of his death? The figure I saw was $500 million.<\/p>\n<p>Good heavens. He was a mere <em>multimillionaire<\/em>. Onassis&#8217;s portfolio amounted to mere chump change when compared to Gates, Buffett and Slim.<\/p>\n\n<div class=\"twitter-share\"><a href=\"https:\/\/twitter.com\/intent\/tweet?via=jkanelis\" class=\"twitter-share-button\">Tweet<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Warren Buffett is now the world&#8217;s second-richest man. The title used to belong to Carlos Slim. Both of these guys trail Bill Gates by a good bit. Several billions of dollars,\u00a0I think. http:\/\/www.msn.com\/en-us\/money\/savingandinvesting\/buffett-unseats-mexicos-slim-as-worlds-second-richest-person\/ar-BBgpiKD I see these surveys measuring people&#8217;s wealth. Gates is worth tens of billions. Same with Buffett and Slim &#8212; and whoever else &hellip; <a href=\"https:\/\/highplainsblogger.com\/?p=7396\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Wealth measurement changes with times<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[443,635,869,2272,5181],"class_list":["post-7396","post","type-post","status-publish","format-standard","hentry","category-business-news","tag-aristotle-onassis","tag-bill-gates","tag-carlos-slim","tag-inflation","tag-warren-buffett"],"_links":{"self":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/posts\/7396","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7396"}],"version-history":[{"count":0,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/posts\/7396\/revisions"}],"wp:attachment":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}