The Richest People in Human History

in #money4 years ago (edited)

When we think of the wealth today, we often think of the massive personal fortunes to the business tycoons as Bill Gates, Jeff Bezos, or Warren Buffett. However, it is only since the Industrial revolution that the wealth mesurante by its bank account was a standard for it of the richest world.

For most of recorded human history, in fact, the lines around wealth were quite blurred. Leaders like Augustus Caesar or Emperor Shenzong had absolute control of their empires – while bankers like Jakob Fogger and Cosimo de Medici were often found pulling the strings from behind.

This infographic focuses on the richest people in history up until the Industrial Revolution.

Is This List of People Definitive?

Whereas it is certainly funny to speculate on the wealth of people of centuries spent, gathering this list is exceptionally difficult and certainly not definitive.

Here’s why:

Firstly, much wealth in early periods is tied to land (Genghis Khan) or entire empires (Augustus, Akbar), which makes calculations extremely subjective. What is most of Asia’s land worth in the year 1219? What separates personal fortune from the riches of an empire that one has full control of? There are a wide variety of answers to these questions, and they all influence the figures chosen to be represented.

Secondly, records kept from Ancient eras are scarce, exaggerated, or based on legends and oral histories. Think of King Solomon or Mansa Musa – these are characters described as immeasurably rich, so trying to put their wealth in modern context is fun, but certainly not guaranteed to be historically accurate.

Lastly, wealth and conversion rates can be approached in different ways as well. Take Crassus in the Roman Republic, who had a peak fortune of “200 million sesterces”. Well, that’s a problem for us in modernity, because that stash could be worth anywhere from $200 million to $169.8 billion, depending on how calculations are done.

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these people know how, when and why we can make fortune. it is necessary to read the stories of these famous characters.

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