It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
originally posted by: TheBandit795
I was wondering what their net worth is. According to Forbes it's just $1.5 billion in total (for the whole family). Even though it is said that they were estimated to be worth $6 billion in 1850. I would find it hard to believe that such shrewd business family would lose such an incredible amount of value during the last century and a half. It's even rumoured that around the 1850's that they owned half of the world finance. But I don't know if that is confirmed financially.
Btw... 1 dollar now is worth (has the buying power of) about what 4 cents was worth in 1913, due to inflation over the last century according to republican congressman Ron Paul. So $6 billion in 1913 would be equivalent to more than $150 billion today.
And according to the website I linked above, $6 billion in 1913 would be equivalent to $1.9 trillion today!!
There are even rumors that they're worth $100 trillion!!!. Now what is real???
What are they really worth??? According to Forbes the richest man in the world is Bill Gates, and the Richest family is the Walton family. The Rotschilds are somewhere down the line, but in the top 100 though.. Well if that's true, then they've lost at least 98% of their fortune since 1850. Now I find that hard to believe.
Vanguard has a fairly unique structure in terms of investment management companies. The company is owned by its funds. The company’s different funds are then owned by the shareholders. Thus, the shareholders are the true owners of Vanguard. The company has no outside investors other than its shareholders. Most of the major investment firms are publicly traded.