20 Of The Wealthiest Individuals Throughout History
20 Of The Wealthiest Individuals Throughout History

20 Of The Wealthiest Individuals Throughout History

Steve - April 12, 2019

20 Of The Wealthiest Individuals Throughout History
John D. Rockefeller in 1885. Wikimedia Commons.

3. The richest person in modern history, John D. Rockefeller Sr. was America’s first billionaire with an adjusted-for-inflation net worth exceeding $400 billion.

John Davison Rockefeller Sr. (b. 1839) was an American oil tycoon and industrialist during the late-19th and early-20th centuries. Born into an unremarkable family, John, along with his brother William and friend Samuel Andrews, founded Rockefeller & Andrews in their early 20s to attempt to break into the oil refining business. Growing and expanding respectably, in 1870 Rockefeller founded the Standard Oil Company. Profiting from the soaring costs of gasoline, Standard Oil, through highly unsavory and ruthless business strategies, successfully created a virtual monopoly over the American oil industry.

Controlling at its peak more than ninety percent of all oil in the United States, Standard Oil was ordered dismantled into thirty-four separate components by the Supreme Court in 1911 due to anti-trust violations. Although opening up the oil industry, this separation financially benefited Rockefeller, whose personal shares in the new spin-off companies, such as ExxonMobil and Chevron, exploded in value. Becoming the wealthiest man in America and the first billionaire in the nation’s history, Rockefeller’s peak net worth came just two years later in 1913, valued at $409,000,000,000 when adjusted for inflation.

20 Of The Wealthiest Individuals Throughout History
Musa I depicted holding a gold coin, as represented in the Catalan Atlas by Abraham Cresques (c. 1375). Wikimedia Commons.

2. Musa I of the Mali Empire – the leading producer of gold – became so inordinately wealthy that during a pilgrimage to Mecca he donated more than 24 tons of gold to the poor without care.

Musa I, also known as Mansa Musa, was the tenth Sultan of the Mali Empire, reigning from 1312 until his death in 1337. Ascending to the throne due to the customs of the Sultanate, Musa, despite not being the son of his predecessor, Abubakari Keita II, was appointed deputy in his absence during a royal expedition to explore the Atlantic Ocean. Never returning, with Abubakari believed to have been lost at sea, the thirty-two-year-old Musa was crowned in his place. Inheriting the empire, among the many titles bestowed on Musa was Lord of the Mines of Wangara, with his new domain the largest producer of gold in the world.

Displaying his wealth during a flamboyant pilgrimage to Mecca in 1324, Musa journeyed to the holy city with 12,000 slaves each carrying almost two kilograms of gold bars and eighty camels carrying each three hundred pounds of gold dust. Dispersing this incalculable wealth to the poor along the route, Musa ordered and financed the construction of a new mosque upon his location each Friday during his travels. Possibly the wealthiest individual to have ever lived, Musa’s projected wealth, although difficult to calculate, is estimated to have been equivalent to around $415,000,000,000 today.

20 Of The Wealthiest Individuals Throughout History
“The Judgement of Solomon”, by Peter Paul Rubens (c. 1617). Wikimedia Commons.

1. Potentially the wealthiest man in history and the first trillionaire, according to biblical sources, King Solomon amassed a gigantic fortune during his 39-year reign as King of Israel.

Solomon, also known as Jedidiah, is a biblical King of Israel believed to have reigned between 970 and 931 BCE. The son of King David, and the third king of the United Monarchy, Solomon, per his father’s instructions, initiated his reign at the age of fifteen with a political purge to consolidate his position. Expanding his military strength, Solomon is credited with the creation of favorable trade relations with neighboring nations, in particular, the Phoenicians. Following his death, the United Monarchy quickly dissipated, with the Israelites splitting between the northern Kingdom of Israel and the southern Kingdom of Judah.

Regarded as the wealthiest of the Israelite kings that appear in the Bible, multiple stories make reference to the vast fortune of Solomon. Using this wealth to build the First Temple, treasure hunters have spent centuries attempting to relocate his horde, believed to have been lost during the Babylonian capture of Jerusalem in the 6th century BCE. According to the Book of Kings, Solomon received as much as twenty-five tons of gold in tribute in each of his thirty-nine years in power, in addition to general taxation. Using modern projections, historians have calculated that, if such claims are indeed true, Solomon would have enjoyed an equivalent net worth of $2,200,000,000,000.

 

Where do we find this stuff? Here are our sources:

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