In 1865   a Wealth HoldingBank Accounts, Stock Portfolio, Personal Wealth, Houses, Yachts ... of $18950   is worth $5,436,260.27 today as measured by its relative share of GDP per capita The GDP per capita is an index of the economy's average output per person and is closely correlated with the average income. It can be useful in comparing different incomes over time. .

For discussion, this number is defined as Relative Wealth.

Relative Wealth measures an amount of wealth relative to GDP per capita. When compared to the wealth of others, it shows the economic status or relative "prestige value" of the owners of this wealth because of their rank in the wealth distribution. This measure uses GDP per capita.

PAST WEALTHS HELD IN TODAY'S TERMS

In 1930, J.P. Morgan Jr purchased a 343 foot yacht, Corsair IV, for $2.5 million. When asked how much it cost, he reportedly said: “Sir, if you have to ask that question, you can’t afford it.” The relative value the Yacht in today’s dollars is $241 million.

In 1930, J.P. Morgan Jr purchased a 343 foot yacht, Corsair IV, for $2.5 million. When asked how much it cost, he reportedly said: “Sir, if you have to ask that question, you can’t afford it.” The relative value the Yacht in today’s dollars is $241 million.