Who Is The Richest Person Ever Lived?- Billionaire Mentor

Some people are very rich. According to Forbes, as of April 8, 2021, Jeff Bezos of Amazon is the richest man, with a net worth of $ 177 billion. This is higher than the combined GDP of Myanmar, Laos, and Cambodia, which is around 76 million. People between them.

Who Is The Richest Person Ever?
Who Is The Richest Person Ever? 

Certainly in our modern world, where technology actually enables the creation and consolidation of incomparable wealth, we are living among the richest individuals in history. Turns out, we are not. The wealthiest people of the world lived in earlier times, in an era in which it was difficult to measure pure wealth.

Key Takeaways

  • Jeff Bezos and Elon are currently among the richest people in the world, but in the context of the wealthiest of all time, they do not make the cut.
  • In history, there are wealthier people than modern billionaires, especially when you consider those whose wealth and expenses can affect the overall health of the economy in which they lived.
  • The 14th-century emperor Mansa Musa of the Mallya Empire spent so much time that it caused overflows in Cairo and Medina.
  • Emperor Atahualpa was so wealthy that gold and silver released in Europe after his death led to high inflation and economic recession.

Genghis Khan to JP To morgan

It is difficult to predict wealth in the era of wealth because being rich means widely from time to time. How do you value the country-building of the Persian emperors? Has the weight in ounces of Genghis Khan deposition increased by $ 1,754.85 (the most recent price per ounce of gold, as of April 2021)?

In economies where there was no such thing as a true currency, taxes were levied in grain, and literacy could also be rocket science, slapping dollar amounts on things is an exercise in wild speculation.

But it is no less fun. Take Marcus Licinius Crassus, who has an estimated net worth of 170 million sesterces. The original Value Investor, he bought the entire Swat of Rome while they were on fire and sent his army of slave builders and architects only to take out the flames. The owners paid. When Spartacus dated 73 BC When he led the rebellion, Crassus personally fielded two giants. Legend has it that when molten gold was poured into his mouth, his death symbolized his thirst for riches.

We really don't need to go back to antiquity to find people with unstable wealth. John D. Rockefeller had anywhere from $ 300 billion to $ 400 billion, based on estimates. JP Morgan was a US lender of last resort before the establishment of the Federal Reserve, which was stabilizing the economy through heavy debt to the government after the panic. 1893.

But instead of trying to measure wealth as absolute, perhaps it is best to see who was so rich in their time and place that they personally defined the value of money. Throughout history, there have been two people who have controlled so much wealth relative to everyone else that spending it (voluntarily or not) can send the known world's economy into a tailspin.

Fast Fact

Amazon's Jeff Bezos, Tesla's Elon Musk, and LVMH's Bernard Arnault are the wealthiest people in the modern world.

Mansa Musa

In 1324, Mansa ("emperor") of the Kingdom of Malasa went on Musa Hajj, a Muslim pilgrimage to Mecca. His entourage consisted of about 60,000 people and a quantity of gold that sent waves across the Mediterranean world. He showered the cities with gold, gave it to the poor, and, according to one account, built a new mosque every Friday. He spent very comfortably, especially in Cairo and Medina, and a sudden influx of money sent prices for every day. Goods are increasing.

Realizing that he had personally triggered a wave of hyperinflation to plague an entire region, he personally started a Quantitative Easing program, all blazing at a high rate of interest on Cairo's debt. He was a man-macroeconomic cycle.

Atahualpa

But what about America? In 1532, a brutal war of succession between the half-brothers Atahulpa and Hussekar was just ending, and the Incan Empire was beginning the recovery process. When working with the Inca Empire, issues of economic context are particularly hairy. It is only a complex, large-scale civilization that can develop without any good use of a market. There was no perception of money at all. 

Rather, the entire kingdom was organized as a kind of family unit, with the Inca (emperor) controlling everything: food, clothing, luxury goods, houses, and people. As a man, you served the emperor as a farmer, laborer, craftsman, or soldier. In return, you were provided with everything you needed to survive.

When the Spanish conquistadors massacred Atahualpa in Cajamarca and took him as a prisoner, he was able to ransom like no other, filling a large room with gold. His power was so unquestionable that he could cover the entire temple with gold. Could take away from them, and they did...There was nothing in the empire, it was not in principle. 

Although the figure is largely redundant, he would have paid the ransom today for about $ 1.5 billion. The Spanish killed him anyway and destroyed his empire, but worth billions of dollars of gold and silver that swept Europe around 1500. High inflation and prolonged economic recession led to. The huge amount of gold that had sunk Europe's economy in the 16th century came from Atahualpa.

Bottom-line

If you are blown away by the idea that less than 100 people today control the same amount of money near half the world, imagine how concentrated money used to be. Even if Bill Gates took the most extraordinary vacation, In which he could fathom, it is probably not the cause of the Cain regional currency crisis. If anyone were to kidnap any billionaire, could they ask for a ransom that could send a continent into the recession?


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