Many of us know about who is the richest or who is going to be, who is earning well enough to be on richest chart list. But have you ever thought who is the richest of all time?
This ranking of the richest people of all time is based on academic economists and historians. Suffice to say that the following is a precise but highly questionable try to list the wealthiest historical figures in order of their economic power.
GENGHIS KHAN
Picture Courtesy: history.com
Lived: 1162-1227
Country: Mongolian Empire
Wealth: Lots of lands, not much else
Genghis Khan is unquestionably one of the most successful military leaders of all time. As ruler of the Mongol Empire, which at its height extended from China to Europe, he managed the biggest contiguous empire in history. However, despite his great power, Genghis never kept his wealth. On the contrary, the Khan’s generosity was key to his influence.
BILL GATES
Picture Courtesy: www.fhi.ox.ac.uk
Lived: 1955-present
Country: United States
Wealth: 78.9 billion dollars
As the richest living person, Bill Gates’ wealth is refreshingly easy to determine. Forbes estimates the Microsoft founder’s net worth at 78.9 billion dollars. That’s about 8 billion dollars more than Zara co-founder Amancio Ortega, the 2nd richest person in the world.
ALAN RUFUS (ALAN THE RED)
Picture Courtesy: www.mulhollandbooks.com
Lived: 1040–1093
Country: England
Wealth: 194 billion dollars
The nephew of William the Conqueror, Rufus joined his uncle in the Norman victory. He died with £11,000, according to Bill Rubinstein and Philip Beresford, writers of The Richest of the Rich, which they say amounted to 7% of England’s GDP at the time. That would value to 194 billion Dollars in 2014 dollars.
JOHN D. ROCKEFELLER SR.
Picture Courtesy: thinglink.me
Lived: 1839–1937
Country: United States
Wealth: 341 billion dollars
Rockefeller started investing in the petroleum industry in 1863 and by 1880 his Standard Oil Company managed 90% of American oil production. According to his New York Times obituary, Rockefeller was valued at about 1.5 billion dollars based on a 1918 federal income tax return and ratings of his overall fortune. , The equal of almost 2% of U.S. economic output that year according to data collected by Measuring Worth because the U.S. did not keep official records on national income until 1932.
JOSEPH STALIN
Picture Courtesy: www.thefamouspeople.com
Lived: 1878–1953
Country: USSR
Wealth: Complete command of a nation with 9.6% of global GDP
Stalin is a unique figure in modern economic history: a dictator with absolute control who also managed one of the largest economies in the world. While it is practically impossible to part Stalin’s wealth from the wealth of the Soviet Union, his uncommon combination of economic might and complete control of the USSR lead many economists to nominate him as one of the richest people of all time.
ANDREW CARNEGIE
Picture Courtesy: www.pinterest.com
Lived: 1835–1919
Country: US
Wealth: 372 billion dollars
Rockefeller gets all the press, but Andrew Carnegie may be the wealthiest American of all time. The Scottish immigrant sold his company, U.S. Steel, to J.P. Morgan for 480 million dollars in 1901. That sum compares to about slightly over 2.1% of U.S. GDP at the time, giving Carnegie economic power equivalent to 372 billion dollars in 2014.
THE GREAT AKBAR
Picture Courtesy: www.thefamouspeople.com
Lived: 1542–1605
Country: India
Wealth: ruled Empire with 25 % of global GDP
The greatest ruler of India’s Mughal dynasty, Akbar commanded an empire that accounted for about 1/4th of global economic output. Fortune’s Chris Matthews cites the late economic historian Angus Maddison, who reflects India’s GDP per capita under Akbar was similar to Elizabethan England, but with ‘a ruling class whose extravagant lifestyle exceeded that of the European society.’
That assertion that India’s elite class was richer than their counterparts to the west is backed up by documents from economist Branko Milanovic, whose research reveals the Mughal Dynasty was one of the most powerful empires of all time at extracting wealth from the population.
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