Topic: Top richest from history, one hyperinflated the economy single handedly! - page 2. (Read 250 times)

Well, it's a pretty interesting topic and it has a bit of a similarity to the conversation I had with the kids in my family, where they asked the question "who is the richest in the world?", and honestly I don't know, with the OP's share it's somewhat like, in the past we are not entirely sure that we know of people who used to have a lot of money to be the richest ( the common thing is that they are all very rich) . And I know there are some very interesting stories about getting rich and sharing success with others.

He has included that in the table already, unless you mean something different.

Amen.

It's also worth adding that each of us very likely has much higher comfort of life than any of the ancient rulers. That's simply due to technological progress, access to running water, sewage systems, electricity, and most of all - to nutrition and modern medicine (the last one is much overrated but still).

Interesting, was King Solomon for real and could have been part of the list? Because with those that I've read before says that he's probably the richest even til' now. I don't know but those weren't able to provide proof though. But it's interesting to see on how these people have been too wealthy since the ancient times and able to mitigate inflation yet or when it was too little. Can imagine that if they're still alive right now, they are still not going to be problematic on how to deal with inflation. LOL, the reality has slapped me once again that there's more to life and there's a need to be more pushy in everything we does to achieve financial freedom.

Interesting...
Op please add more details of the period & timeline if possible in the table. I have also analyzed a few of such documents in my native language but the point is what they are worth now .. 0 ... what they have now is Nothing..

This represents the most beautiful and unpalatable truth of life that it will end. Money is really not everything A bit off-topic but quite realatable.

Thanks for an interesting topic.

The problem with those historic wealth estimations is there is a chance they can be completely inaccurate. Positions 1 and 3 are incalculable so not sure how are they ranked in those places. In the case of the rulers, there's often no distinction between personal wealth and the wealth of the entire empire, so we end up comparing apples to oranges.

I had no clue Henry Ford was that rich. He was a decent guy from what I know.


You can't colonise a successful and well-run country, such would have to be conquered. Colonies were established where there in underdeveloped or unpopulated areas. I'm not an expert on African history but believe most of the African empires fall on their own or due to infighting.

I am not sure about the others and what happened to them but I know a bit about Mansa Musa and Akbar I. Both of them were best kings of their time and their wealth was unlimited due to the fact that they had access to treasures throughout the region where they ruled their dynasty.

The problem started when colonies started to form from the European countries. In case of Akbar I, it took lot of time since there were mixed colonisation from around the world in different kingdoms.

However, it is said that in case of Musa, they came in quickly since the region was very small. They were able to destroy it just like they did in the fairly modern world.

I believe you must have made some research to have discovered a number of these elites ones the richest but unfortunately enough none of them today is being recognized as rich fellow any longer, well many reasons might have been attributed to this because of how the economy was during their own time, some might have died, while some still leaving couldn't have been able to maintain their riches not to talk of transferring them to their children, there are many demands it requires in making one rich and sustaining the riches over generations, i don't know how many richest men of this present dispensation women will still be mentioned in decades to come.

I was watching a documentary associated with historical economies and the richest people.

You will be shocked to see how much money these people had during the period when having thousands of USD was worth millions to billions in todays conversion rate!

I am going to list them from the lowest to highest. If you love it, then do checkout the Top #1 richest man ever lived and it's definitely mind wobbling how he lived and how much his wealth was.

Rank	Name of the Person	Period	Wealth in $$
#10	Henry Ford	1863-1947	$199 billion
#09	Muammar Gaddafi	1942-2011	200 billion
#08	William The Conqueror	1027-1087	$229.5 billion
#07	Mir Osman Ali Khan	1886-1967	$230 billion
#06	Nikolai Alexandrovich Romanov	1868-1918	$300 billion
#05	John D Rockefeller	1839-1937	$341 billion
#04	Andrew Carnegie	1835-1919	$372 billion
#03	Akbar I	1542-1605	Wealth incalculable
#02	Augustus Caesar	63 BC-AD 14	$4.6 trillion
#01	Mansa Musa	1280-1337	Wealth incalculable

The king Mansa Musa was the one with incalculable wealth while Akbar was the another person in line to be that much rich.

Musa seems to be popularly known because he was the only richest person who donated so much Gold that it caused the gold rates drop heavily and caused hyperinflation in the Egypt. It was so high that it took almost 10 years to recover from this inflation.

Guess how the inflation was controlled? Well, Musa himself bought back the Gold at higher interest rate and thus helped the Egyptians to control their inflations. Even with the help of higher interest rate and buying back the gold it took ten years so we can imagine how enormous this inflation was.

He was so rich that during his commute from the Mali kingdom to Haj, they carried 60,000 people along with them and every time they stopped on Friday they built mosques and stays everywhere.

They donated gold to every city they roamed through and finally it was Egypt where they stayed for long and caused the inflation just by donating the Gold bars.

This is one of the interesting fact that I learnt in the Economic section and hence wanted to share it as fun story. Crazy!!!!

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References:
The history rich list: the 10 wealthiest people ever
Not Jeff Bezos Or Elon Musk, These 11 People Are The Richest People In Human History