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Meet the 14th Century king who was richest man in the world of all time (adjusted for inflation!)
Daily Mail ^ | 10/16/2012 | By OLIVIA FLEMING

Posted on 10/16/2012 4:43:08 PM PDT by SeekAndFind

An obscure king who ruled West Africa in the 14th century has been named the richest person in history in a new inflation-adjusted list of the world's 25 wealthiest people of all time.

Spanning 1,000 years and with a combined fortune of $4.317 trillion, only three of the list's 25 are alive today; none of them are women and 14 of them are American.

Using the annual 2199.6per cent rate of inflation, where $100million in 1913 is equal to $2.299.63billion in 2012, Celebrity Net Worth's list includes familiar names like Bill Gates and Warren Buffett; but sitting at number one is Mansa Musa I of Mali.

The West Africa king, the richest person in history, and the ruler of the Malian Empire which covered modern day Ghana, Timbuktu and Mali in West Africa, had a personal net worth of $400billion at the time of his death in 1331.

The list also includes the man who gave America Wal-Mart, another who developed mail-order shopping around 1870, as well as a few nobles who helped with the Norman conquest of England in the Battle of Hastings nearly one thousand years ago.

The Rothschild family, second on the list, are the richest people on earth today with assets that total at least $350billion - their wealth divided amongst mining, banks, private asset management, mixed farming, wine, and charities.

Meanwhile John D. Rockefeller, third on the list, is the richest American to have ever lived, worth $340billion in today's USD at the time of his death in 1937.

In comparison, the poorest man on the list is 82-year-old Warren Buffett, who at his peak net worth, before he started giving his fortune to charity, was $64billion.

CLICK ABOVE LINK FOR THE 25 RICHEST PEOPLE OF ALL TIME

(Excerpt) Read more at dailymail.co.uk ...


TOPICS: Business/Economy; History; Society
KEYWORDS: richest; richestman; wealth

1 posted on 10/16/2012 4:43:17 PM PDT by SeekAndFind
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To: SeekAndFind

I still think Crassus had him beat.


2 posted on 10/16/2012 4:50:53 PM PDT by GenXteacher (You have chosen dishonor to avoid war; you shall have war also.)
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To: GenXteacher

George Bailey was the richest man in town


3 posted on 10/16/2012 4:53:44 PM PDT by PlateOfShrimp
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To: SeekAndFind
Using the annual 2199.6per cent rate of inflation, where $100million in 1913 is equal to $2.299.63billion in 2012, Celebrity Net Worth's list includes familiar names like Bill Gates and Warren Buffett; but sitting at number one is Mansa Musa I of Mali.

The West Africa king, the richest person in history, and the ruler of the Malian Empire which covered modern day Ghana, Timbuktu and Mali in West Africa, had a personal net worth of $400 billion at the time of his death in 1331.

The list also includes the man who gave America Wal-Mart, another who developed mail-order shopping around 1870, as well as a few nobles who helped with the Norman conquest of England in the Battle of Hastings nearly one thousand years ago.

So what happened to all of that wealth? Did he get cleaned out by a Nigerian 419 scam?

4 posted on 10/16/2012 4:53:46 PM PDT by Alex Murphy ("Ignorance of the Scriptures is ignorance of Christ")
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To: SeekAndFind

2199.6 percent annual inflation? I’m usually pretty handy with statistics. This strikes me as a typo, outside Zimbabwe or Weimar Germany.


5 posted on 10/16/2012 4:59:35 PM PDT by RegulatorCountry
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To: SeekAndFind

There are artifacts and ruins of the ancient Greek, Roman, Persian, Babylonian, Mongol, etc empires, but what remains of the Malian empire? They had no common language, and although coeval with other great empires, there are few architectural remnants. IIRC, the Great Zimbabwe was not Malian.

So just one mega-wealthy ruler and an impoverished people without a culture of their own. Some king he was...


6 posted on 10/16/2012 5:00:08 PM PDT by oblomov
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To: Alex Murphy

He sat on Malian currency from the looks of it, lol.


7 posted on 10/16/2012 5:01:17 PM PDT by RegulatorCountry
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To: SeekAndFind

The Rothschilds are worth $350B. Big woop. The Saudi royal family is worth somewhere around $1.5T in personal wealth, and then they more or less own the whole country.

For that matter, by any reasonable standard Stalin owned the USSR and everyone and everything in it. As the current Kim owns N. Korea.


8 posted on 10/16/2012 5:02:59 PM PDT by Sherman Logan
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To: oblomov
So just one mega-wealthy ruler and an impoverished people without a culture of their own. Some king he was...

Perhaps he defied the saying, "you can't take it with you".

9 posted on 10/16/2012 5:06:59 PM PDT by cicero2k
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To: Alex Murphy

Kings are easily spotted by their enemies don’t you know? They are the ones who haven’t got Stuff on them.

http://www.youtube.com/watch?v=Hi8vXOUi-eI


10 posted on 10/16/2012 5:07:52 PM PDT by Sequoyah101
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To: PlateOfShrimp

‘George Baily was the richest man in town.’

:-D


11 posted on 10/16/2012 5:10:39 PM PDT by freepertoo
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To: PlateOfShrimp

+1


12 posted on 10/16/2012 5:11:02 PM PDT by Lurker (Violence is rarely the answer. But when it is it is the only answer.)
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To: Alex Murphy
In 1331, you could have all the gold in the world but who gives a $hit? What could you do with it in that era? Buy a golden chamber pot? Have concubines wipe your butt with gold leaf? Take a lukewarm bath in a golden tub? Ride a horse with a golden saddle? Eat nuts and berries off a gold plate?

Seems pretty BORING.

13 posted on 10/16/2012 5:11:05 PM PDT by boop (Sorry, folks. Park's closed. The moose out front shoulda told ya.)
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To: SeekAndFind
The West Africa king, the richest person in history, and the ruler of the Malian Empire which covered modern day Ghana, Timbuktu and Mali in West Africa, had a personal net worth of $400billion at the time of his death in 1331.

"You didn' build that," Barack Hussein Obama, "Oh wait... this was before AmeriKKKa, meybe you DID!"

14 posted on 10/16/2012 5:12:08 PM PDT by a fool in paradise (Obama likes to claim credit for getting Osama. Why hasn't he tried Khalid Sheikh Mohammed yet?)
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To: boop

Hey, don’t knock the concubines thing.


15 posted on 10/16/2012 5:15:06 PM PDT by fieldmarshaldj (Resist We Much)
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To: SeekAndFind
"Spanning 1,000 years and with a combined fortune of $4.317 trillion"

And just think, Zero has managed to spend that amount in less than four years.

16 posted on 10/16/2012 5:16:30 PM PDT by fieldmarshaldj (Resist We Much)
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To: PlateOfShrimp
George Bailey was the richest man in town

Yep - and always will be!

17 posted on 10/16/2012 5:16:34 PM PDT by Talisker (One who commands, must obey.)
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To: SeekAndFind

The Obamas Upkeep / Vacations make these folks look like they are on Welfare.

TT


18 posted on 10/16/2012 5:32:44 PM PDT by TexasTransplant (Radical islam is islam. Moderate islam is the Trojan Horse.)
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To: SeekAndFind

I think Joe Stalin that quaint Djugashvili character from Georgia should be considered in there. He de facto owned everything and everyone in the Soviet Union and quite a bit outside of his home estate, the USSR.


19 posted on 10/16/2012 5:34:27 PM PDT by arthurus (Read Hazlitt's Economics In One Lesson ONLINE www.fee.org/library/books/economics-in-one-lesson)
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To: boop

I guess you are not a guy.


20 posted on 10/16/2012 5:48:47 PM PDT by central_va ( I won't be reconstructed and I do not give a damn.)
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To: boop

A lot of the things that are so easy as modern conveniences were possible given enough labor to attend to them. That much gold would pay a large army, let alone a small one, to cater to your every need.


21 posted on 10/16/2012 5:53:02 PM PDT by HiTech RedNeck (let me ABOs run loose, lew (or is that lou?))
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To: GenXteacher
I still think Crassus had him beat.

Or maybe Croesus.

22 posted on 10/16/2012 6:35:06 PM PDT by Fiji Hill (Deo Vindice!)
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To: Fiji Hill

Can’t touch Midas.... :)


23 posted on 10/16/2012 7:52:42 PM PDT by GenXteacher (You have chosen dishonor to avoid war; you shall have war also.)
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To: PlateOfShrimp

++1


24 posted on 10/16/2012 8:05:34 PM PDT by InvisibleChurch (the mature Christian is almost impossible to offend)
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To: RegulatorCountry
Using the annual 2199.6per cent rate of inflation, where $100million in 1913 is equal to $2.299.63billion in 2012,

22.9963 times the nominal value in 99 years is 3.22% annual inflation rate. (22.9963 ^ (1/99) = 1.0322 for those interested)

25 posted on 10/16/2012 8:07:50 PM PDT by KarlInOhio (Big Bird is a brood parasite: laid in our nest 43 years ago and we are still feeding him.)
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To: Alex Murphy

Islamic missionaries arrived and converted most of Mali. And the rest, as they say, is history.


26 posted on 10/16/2012 9:01:52 PM PDT by Vigilanteman (Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
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To: SeekAndFind

Uh...Solomon.


27 posted on 10/16/2012 10:17:14 PM PDT by elephantlips
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To: HiTech RedNeck
Well, yes, but in 1331, besides sex, what could a king REALLY "need"?

Great food? Maybe. But it has to be local, lest it spoil.

A castle? Maybe, but it would probably be cold and drafty.

Other than that you couldn't pay me $400 billion to live in the 14th century.

I'd rather have 400 million in 2012.

28 posted on 10/16/2012 10:34:31 PM PDT by boop (Sorry, folks. Park's closed. The moose out front shoulda told ya.)
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To: boop

To add to that, I’d rather be a welfare recipient in America 2012, than be the richest man in history in 1331.


29 posted on 10/16/2012 10:39:31 PM PDT by boop (Sorry, folks. Park's closed. The moose out front shoulda told ya.)
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To: boop

The ancient Romans had answers to cold and drafty castles, ranging from the hypocaust (a furnace beneath the castle floor) to concubines.

The biggest thing medieval kings didn’t have was modern medical and hygienic knowledge. If I could somehow ensure that I was never going to get sick, I’d go for it.


30 posted on 10/16/2012 11:13:40 PM PDT by HiTech RedNeck (let me ABOs run loose, lew (or is that lou?))
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To: boop

That is basically the story of King Midas.


31 posted on 10/17/2012 2:31:45 AM PDT by jmcenanly ("The more corrupt the state, the more laws." Tacitus, Publius Cornelius)
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To: SeekAndFind

Wrong, Solomon was the richest, and wisest. It is believed that King Midas character in the short story was based on Solomon.

So this king may have been the wealthiest man in that span of 1000 years, but that does NOT equal all of human history. Especially when they leave off such men as Solomon, Nebuchadnezzar, the Pharaohs, or any of a number of rulers who lived in the ancient times.


32 posted on 10/17/2012 7:51:21 PM PDT by OneVike (I'm just a Christian waiting to go home)
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