Who had more money, John D. It’s a simple question with a very difficult answer. This ranking of the richest people of all time is based on hours of interviews with academic economists and historians. To read more about how the order was determined despite the difficulty of comparing wealth across a wide range of time periods and economic systems, read this. But for now, suffice to say that the following is a rigorous but highly debatable attempt how Much Money Does Will Smith Have list the wealthiest historical figures in order of their economic influence.
Mansa Musa, the king of Timbuktu, is often referred to as the wealthiest person in history. According to Ferrum College history professor Richard Smith, Musa’s west African kingdom was likely the largest producer of gold in the world—at a time which gold was in especially high demand. There’s really no way to put an accurate number on his wealth. Records are scarce, if non-existent, and contemporary sources describe the king’s riches in terms that are impossible for the time. Some tales of his famous pilgrimage to Mecca—during which Musa’s spending was so lavish that it caused a currency crisis in Egypt—mention dozens of camels each carrying hundreds of pounds of gold. Smith says one year of Malian gold production probably generated about a ton. Others said Musa’s army consisted of 200,000 men, including 40,000 archers—troop numbers even modern superpowers would have a difficult time bringing to the field. But to get caught up in the king’s exact wealth is to miss the point. As Rudolph Ware, an associate professor of history at the University of Michigan, explains, Musa’s riches were so immense that people struggled to describe them.
They’re trying to find words to explain that. There are pictures of him holding a scepter of gold on a throne of gold holding a cup of gold with a golden crown on his head. Imagine as much gold as you think a human being could possess and double it, that’s what all the accounts are trying to communicate. When no one can even comprehend your wealth, that means you’re pretty darned rich. Stanford history professor Ian Morris, Augustus at one point held personal wealth equivalent to one-fifth of his empire’s economy. The empire’s wealth came from both its technological innovations and extreme skill at tax collection, which Edwards says was hundreds of years ahead of European governments. The professor also noted the Song Dynasty’s government was highly centralized, meaning the emperor held enormous control over the economy. The greatest emperor of India’s Mughal dynasty, Akbar controlled an empire that accounted for about one-fourth of global economic output. That assertion that India’s elite class was wealthier than their counterparts to the west is backed up by data from economist Branko Milanovic, whose research shows the Mughal Dynasty was one of the most effective empires of all time at extracting wealth from the population.
Wealth: Complete control of a nation with 9. Stalin is an uncommon figure in modern economic history: a dictator with absolute power who also controlled one of the largest economies in the world. While it is virtually impossible to separate Stalin’s wealth from the wealth of the Soviet Union, his unique combination of economic might and complete control of the USSR lead multiple economists to nominate him as one of the richest people of all time. You can easily see their logic. Data from the OECD shows that in 1950, three years before Stalin’s death, the USSR made up roughly 9. While that money didn’t belong directly to Stalin, he had the ability to leverage Soviet economic might for any reason he chose. Liber, a professor of history at the University of Alabama at Birmingham.
6th of the land surface of the planet without any checks or balances. Does that make Stalin rich in the traditional sense? Was he among the wealthiest men? I suppose if you want to stretch the definition of wealth, but it was not his wealth. He controlled the wealth of the country.
Even so, it’s hard not to include Stalin on a list of the most economically powerful people in history. His wealth might be uncertain, but there’s no question the premier’s personal economic influence is unrivaled in recent history. Andrew Carnegie standing on the steps of his estate, circa 1910s. Rockefeller gets all the press, but Andrew Carnegie may be the richest American of all time. The Scottish immigrant sold his company, U.
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As I was thus travelling, in the final analysis, it’s not a number assigned to employees of the business. Explains that Mongol soldiers, i don’t know many people who make as much as we do and spend as little as we do. I tried your MX; i think it’s callous to belittle people who are in a tough spot because they overspent and have found themselves in financial crisis. 9 comments up, mormon’ and provides many insights not available to the average member from people that actually worked in the Church headquarters and are faithful members.
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That sum equates to about slightly over 2. The nephew of William the Conqueror, Rufus joined his uncle in the Norman conquest. As the richest living person, Bill Gates’ wealth is refreshingly easy to determine. 8 billion more than Zara co-founder Amancio Ortega, the second-richest person in the world. Genghis Khan is undoubtedly one of the most successful military leaders of all time. As leader of the Mongol Empire, which at its height stretched from China to Europe, he controlled the largest contiguous empire in history.
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However, despite his great power, scholars say Genghis never hoarded his wealth. On the contrary, the Khan’s generosity was key to his influence. Morris Rossabi, a distinguished professor of history at CUNY’s Queens College. Jack Weatherford, author of Genghis Khan and the Making of the Modern World, explains that Mongol soldiers, unlike many pre-modern armies, were banned from taking personal loot. After an area was conquered, every item taken was inventoried by official clerks and then later distributed amongst the military and their families. Genghis still received a share of the spoils, but that hardly made him rich. He was born in a wool ger and he died in a wool ger.
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Smith studied social philosophy at the University of Glasgow and at Balliol College, Oxford, where he was one of the first students to benefit from scholarships set up by fellow Scot John Snell. Smith laid the foundations of classical free market economic theory. The Wealth of Nations was a precursor to the modern academic discipline of economics. In this and other works, he developed the concept of division of labour and expounded upon how rational self-interest and competition can lead to economic prosperity.
Smith was born in Kirkcaldy, in the County of Fife, Scotland. Smith entered the University of Glasgow when he was 14 and studied moral philosophy under Francis Hutcheson. Smith considered the teaching at Glasgow to be far superior to that at Oxford, which he found intellectually stifling. In Book V, Chapter II of The Wealth of Nations, Smith wrote: “In the University of Oxford, the greater part of the public professors have, for these many years, given up altogether even the pretence of teaching.