Find out who is the richest person in the world
There are many extremely rich people in the world. In 2023 Jeff Bezos is said to have $113 billion which is the combined GDP of Laos, Cambodia, and Myanmar. You might think that he would be the world’s richest man ever. However, it turns out that there were even wealthier individuals in the past.
From Genghis Khan to J.P. Morgan
It is difficult to compare and estimate the riches from the people in the past since nowadays a lot of things have changed. How much is the land of the person emperor worth? What about the people of Genghis Khan? Once when there weren’t currencies it is strange to consider estimating such things. Still, it is quite entertaining. Marcus Licinius Crassus’s wealth, for instance, was around $2 trillion. He was buying Roman swathes, legions and so on. Rockefeller is another example of extreme wealth – he was estimated to have around $650 billion.
We can look at this topic in a different way too. Maybe we shouldn’t estimate everyone’s wealth, but in order to answer the question we should look for the individual who was so rich that he defined the value of money. There are 2 such people in history. Their spending could potentially change the whole movement of the economy.
Mansa Musa Is The Most Richest Person in History
In 1324, Mansa Musa of the Malian Empire went on the Muslim pilgrimage to Mecca. He has 60 000 people with him on this quest and just as much gold. He left some of it in each city he passed through, by making the poor ones rich and creating new mosques every week.
His spending in Cairo and Medina had a huge effect on the value of common goods. After he realized what he had done, he bought all of Cairo’s gold at a high price and in this way fixed the hyperinflation. He was like a macroeconomic cycle.
Mansa Musa, the monarch of a West African Empire in the fourteenth century, was reported to be worth more than quadruple that: roughly 400 billion dollars in today’s money, adjusted for inflation.
Such wealth is often difficult to comprehend, but for comparison, this sum is equal to Norway’s national gross domestic product. Musa was so wealthy that his generous gifts brought down a regional gold market for a decade, thus putting him and his empire on the map.
Much of Musa’s early life is lost to history, although we do know that he was born in or around the Mali Empire about 1280 AD and gained the throne around 1312. Let us learn more about his strange existence as history’s richest man!
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Atahualpa
During the Incan Empire the organization was very interesting. There wasn’t any currency or markets. The society was like a family with the emperor Atahualpa controlling everything. People served him well and he then gave them everything that they needed: food, clothes, houses, goods and so on. When he got kidnapped by the conquistadors, he mustered an unbelievable ransom – he filled a big room with gold. It could be estimated to be around $230 million if we calculate it today. Nevertheless, the Spanish killed him and the precious metals that flooded Europe afterwards created a massive inflation.
Finding the Richest Person in the World
Do you know who the richest person in the world is and what their riches are? The Forbes list of billionaires is a yearly ranking of the world’s richest people. Every year, Forbes releases the list, and each year names a different individual as the world’s wealthiest person. Let’s explore the process of how to find and identify the richest person in the world.
Searching for the Richest Person in the World
Searching for who is the richest person in the world can be done by looking at Forbes’ yearly ranking of the wealthiest people. You can also look at top business and financial publications to access a list of who is the richest person for the past year. Using this information, you can compare how much wealth each person has and find out who tops the list.
Characteristics of the Richest Person in the World
The richest person in the world must have the financial means to stay at the top of the list. This is usually achieved through innovative investments, innate business acumen, and growth over time of the individual’s portfolio. To stay at the top of the game they must have an edge over the rest of the world by predicting the market and knowing which industries will provide the best returns.
Identifying the Richest Person in the World
To identify the richest person in the world, you can look for their name in the list of Forbes’ billionaires and read about their financial success. You can also find what type of investments they have made and how they got to the position they are in.
Frequently Asked Questions about the Richest Person in the World
- Who is the wealthiest person in the world? According to the 2021 Forbes list of billionaires, the world’s wealthiest person is Elon Musk with an estimated net worth of $177 billion.
- What do the richest person in the world do? The richest people in the world are typically the most successful businesspeople. They have usually been involved in a broad range of industries and have had success investing in multiple industries.
- How can someone become the richest person in the world? Becoming the richest person in the world requires hard work and innovation. It requires making successful investments and leveraging those investments to create more wealth. Additionally, many of the richest people in the world have held multiple leadership positions and have won awards.
Summary
Finding the richest person in the world can be done by looking at Forbes’ yearly ranking of the wealthiest people. To stay at the top of the list, the richest person must have financial means to do so through innovative investments. The name of the wealthiest person in the world can be found in the list of Forbes’ billionaires. Becoming the richest person in the world requires hard work, innovation, and successful investments.
Try to wrap your head around the fact that ½ of the world’s wealth is held by less than 100 people. Even if Bill Gates ventures on an extremely expensive holiday, he won’t be able to cause a currency crisis. And if a billionaire was kidnapped maybe the ransom could send a continent into recession, don’t you think?