HOW DOES YOUR NET WORTH COMPARE? Who is the richest person on earth? How do you measure wealth?

HOW DOES YOUR NET WORTH COMPARE? Who is the richest person on earth? How do you measure wealth?

Remember, back in the fifth grade, when you learned that one million is just 10 to the sixth power? Yeah, me neither. But now we have a reason to pay attention. This scale ranges from a minus 1, or 1/10th of dollar (for all those people in the world who literally have a dime to their name), all the way up to 11, for those who are worth more than 100 billion dollars. Yes, there are three people in the world who have a score of 11. I’ll let you guess who they are.

Okay. Let’s start at the bottom of the bracket. If you have a net worth of $100, you’re at the top of the lowest part of the scale.

Now, moving up the scale, a score of 3 puts your net worth between $1,000 and $9,999. This probably means you have a job, are probably living paycheck to paycheck, and have a little saved, probably enough to cover a small emergency without having to borrow money. If this is you, you’re not alone. -- 1.7 billion people live in this category, the most out of any group on the planet.

Now, a score of 4 means you have a net worth of between $10,000 and $99,999. 1.3 billion people fall into this category worldwide.

The next jump up the scale brings us to a score of five, or those with a net worth of 1, followed by five zeros. Those in this range have a net worth of between one hundred thousand and nine-hundred-ninety-nine thousand dollars. Now, if this is you, congratulations, you’ve got enough to afford a mortgage, and maybe a nice vacation once in a while. While you’re not considered a millionaire, you’re in good company. Four-hundred and thirty-six million people live in this range, more than the entire population of the United States. These include people like Alexandria Ocasio-Cortez who makes $174,000 as a US Senator at the age of 29.

Now, if you’re lucky enough to have a net worth of over a million dollars, Depending on where you are on the scale, you can afford a twelve thousand square foot house on an acre and a half in College Grove, TN, or a one bedroom, 954 square foot apartment in San Francisco. You probably spend more just in taxes than three-quarters of the world makes in a year. But, you’re not alone. There are 40 million people in the world with a net worth score of 6.

A net worth score of seven brings you to between ten million and a hundred million dollars. You’re probably going to be able to afford a parking spot in San Francisco that was just listed for one hundred thousand dollars. Approximately one point seven million people in the world have a net worth score of seven. People like Ginni Rometty, the CEO of IBM fall into this category.

Approximately forty-nine thousand people have a net worth score of eight. Rex Tillerson, the Exxon CEO turned Secretary-of-State under Donald Trump falls into this category with a net worth of approximately three hundred million dollars. Other people in this category include entrepreneur Gary Vaynerchuck with a net worth of approximately two hundred million, and actor Dwayne Johnson with a net worth of over three hundred million dollars.

Two thousand seven hundred people in the world have a net worth of between 1 and 10 billion dollars. People like Silvio Berlusconi, the Italian media mogul and former Prime Minister of Italy fall into this category. So do entrepreneurs Marc Cuban, Netflix founder Reed Hastings, and Amway founder Rich Devos. Steven Spielberg and George Lucas live in this category.

A net worth score of 10 belongs to approximately one hundred and fifty people in the world. If you’re Elon Musk, you’re going to Mars! Or, if you’re Warren Buffet, you clip coupons to eat breakfast at McDonalds on your way to work. Guys like Facebook mogul Mark Zuckerberg, Google founders Larry Page, New York mayor and presidential candidate Michael Bloomberg and President Donald Trump all live in this category.

Now, there are only three people on the face of the earth with a net worth score of 11. Yes, that’s a one followed by eleven zeroes. Any guesses as to who they are? As of January 2020, Forbes lists the third richest man in the world as Bill Gates, the founder of Microsoft. His net worth is approximately one hundred and six billion dollars. What’s he doing with all that money? Trying to eradicate polio, among other philanthropic efforts. The Bill and Melinda Gates foundation has charitable endeavors across the globe.

Now, depending on how the stock market is going at any given moment, second place goes to Jeff Bezos. Bezos’ goal, like Musk, is to take humanity to space through his company Blue Origin.

That leaves the top spot and title of world’s richest person to Bernard Arnault, the CEO of LVMH, a multinational luxury goods conglomerate which owns a large portfolio of brands including Louis Vuitton, Dior, and Tiffany, among dozens of others. He has a net worth of one hundred and seventeen billion dollars,