[Request] If Jeff Bezos’s entire net worth were converted to gold, how much mass and volume would it have? How would it compare to the total amount of gold in the world?
185.4B / 1835 = 101,035,422 oz of gold, or 6,314,714 lbs of gold, or 2,863,816 kg
2,863,816/19,300 = 148.4 m3, which is a cube roughly 5.3 meters on a side.
According to the first result on Google, there is 244,000 metric tons of gold discovered to date (187,000 produced plus 57,000 in reserves), or 244,000,000 kg of gold.
Bezos's net worth is roughly 1.174% of the value of all the gold in the world.
Edit: all my figures are based on the first results on Google. Accuracy may vary based on how recent these figures are.
Edit2: forgot troy ounces are a thing, recalculating.
Price of gold: ~58,934 $/kg
185.4B / 58,934 = 3,145,892 kg of gold
3,145,892 / 19,300 = 163 m3, which is a cube roughly 5.46 meters on a side (or 17.91 feet)
Using previous estimates, Bezos's net worth is about 1.29% the value of all the gold in the world.
Thank you u/jpritchard for pointing out that gold is usually measured in troy ounces.
Gold is currently priced at US$59,393 per KILOGRAM.
That comes out to 3.1 million kilograms of gold, or 3,098 metric tons of gold.
The world supply of gold is approximately 244,000 metric tons, so Mr. Bezos fortune COULD be converted entirely into gold and only consume about 1% of the world's supply.
The volume of 3,098 metric tons of gold is 160,500 liters, or 160 cubic meters.
That's not a whole lot of volume. A typical car is about 10 cubic meters in volume, so Mr. Bezos could buy 16 solid gold Porches if he so chose.
![image showing [Request] If Jeff Bezos’s entire net worth were converted to gold, how much mass and volume would it have? How would it compare to the total amount of gold in the world?](a74b8b7d-0375-56a3-bb87-b8a806236cae.jpg)
starcraftre on December 10th, 2020 at 16:51 UTC »
Jeff Bezos' net worth is $182 billion.
Gold is currently $59,254 per kg - instantaneous price, will vary.
So, he can convert his net worth into 3.072 million kg (3,072 tonnes) of gold. At 19,300 kg/m3 , that's 159 m3 of gold.
As of 2019, we've mined 197,576 tonnes of gold. His wealth represents 1.6% of that.
IronCosine on December 10th, 2020 at 16:56 UTC »
Jeff Bezos net worth: 185.4 billion USD
Price of gold today: ~1835 $/oz
Density of gold: 19,300 kg/m3
185.4B / 1835 = 101,035,422 oz of gold, or 6,314,714 lbs of gold, or 2,863,816 kg
2,863,816/19,300 = 148.4 m3, which is a cube roughly 5.3 meters on a side.
According to the first result on Google, there is 244,000 metric tons of gold discovered to date (187,000 produced plus 57,000 in reserves), or 244,000,000 kg of gold.
Bezos's net worth is roughly 1.174% of the value of all the gold in the world.
Edit: all my figures are based on the first results on Google. Accuracy may vary based on how recent these figures are.
Edit2: forgot troy ounces are a thing, recalculating.
Price of gold: ~58,934 $/kg
185.4B / 58,934 = 3,145,892 kg of gold
3,145,892 / 19,300 = 163 m3, which is a cube roughly 5.46 meters on a side (or 17.91 feet)
Using previous estimates, Bezos's net worth is about 1.29% the value of all the gold in the world.
Thank you u/jpritchard for pointing out that gold is usually measured in troy ounces.
CptFlyingToaster on December 10th, 2020 at 17:08 UTC »
Okay, I'll take this one.
Mr. Bezos is worth approximately 184 billion $US.
Gold is currently priced at US$59,393 per KILOGRAM.
That comes out to 3.1 million kilograms of gold, or 3,098 metric tons of gold.
The world supply of gold is approximately 244,000 metric tons, so Mr. Bezos fortune COULD be converted entirely into gold and only consume about 1% of the world's supply.
The volume of 3,098 metric tons of gold is 160,500 liters, or 160 cubic meters.
That's not a whole lot of volume. A typical car is about 10 cubic meters in volume, so Mr. Bezos could buy 16 solid gold Porches if he so chose.