He also built schools, libraries and mosques and helped Timbuktu become an epicentre for culture and education, per the BBC. Musa died in 1337 at age 57 and was succeeded by his sons, but eventually the empire fell apart.
Mansa Musa's fortune is due to the fact that he could have as much gold as he wanted. In total, the estimated wealth would be around 400 billion dollars (387.109 billion euros).
And how much was his net worth back then? Think about the wealth Elon Musk owns now, then add a couple hundred billion, and you will get close to Mansa Musa's fortune in the 14th century. Economists estimate that the West African emperor possessed riches equal to almost 400 billion US dollars.
Billionaire, businessman and the chairman and chief executive of LVMH (LVMUY), Bernard Arnault holds the crown as the richest person in the world. According to Forbes, Arnault has a fortune of $234.5 billion.
While in Cairo, Mansa Musa met with the Sultan of Egypt, and his caravan spent and gave away so much gold that the overall value of gold decreased in Egypt for the next 12 years.
Mansa Musa could easily be considered a great leader. He managed an efficient government through a bureaucratic system that provided each village greatly, while establishing provinces and provincial governors to handle local affairs.
In 2020, with Americans dying in large numbers from the pandemic, Bezos had become to billionaire wealth hoarding what Barry Bonds had become to home run records. As noted by USA Today, the reporting on Bezos becoming the first trillionaire occurred when Amazon workers were publicly protesting over safety issues.
The American business magazine Forbes produces a global list of known U.S. dollar billionaires every year and updates an Internet version of this list in real-time. The American oil magnate John D. Rockefeller became the world's first confirmed U.S. dollar billionaire in 1916.
If you stacked $100 bills totaling $1 trillion on top of each other, the stack would be 631 miles high. This is what $1 trillion in spending look like. Kathy Hess and 65 others like this.
The United States is the richest country in the world with the highest GDP, as of 2021. China is the second richest country in the world with a $17.734 trillion GDP.
These men are the richest men in today's world, but Musa was Black and rich—the richest ever. Emperor Mana Musa, born Musa Keita I in 1312 died in 1337. He reigned over the ancient African kingdom of Mali for 25 years. The Mansa in his name means “king of kings.” His wife's name was Inari Kunata.
He has been subject to popular claims that he is the wealthiest person in history, but the extent of his actual wealth is not known with any certainty. His riches came from the mining of significant gold and salt deposits in the Mali Empire, along with the slave and ivory trade.
Musa may have brought as much as 18 tons of gold on his hajj. Because of his nature of giving, Musa's massive spending and generous donations created a massive ten-year gold recession. In the cities of Cairo, Medina, and Mecca, the sudden influx of gold devalued the metal significantly.
On Friday, June 16, Forbes Magazine declared South African billionaire, Johann Rupert, ”Africa's richest man,” displacing Nigeria's Aliko Dangote, who has held that title consecutively for 10 years. Forbes real-time Global Billionaires Ranking pegged Rupert's net worth at $12 billion and Dangote's at $10.8 billion.
Mansa Musa has been recognized as the greatest African emperor there has ever been. His leadership led the Mali kingdom to become one of the wealthiest empires in the world. This was fuelled mainly by the production of gold, salt, agriculture and dynamic trade.
African emperor Mansa Musa is thought to be the richest person who ever lived and his wealth was simply “indescribable” and “incomprehensible”. Elon Musk, Jeff Bezos, Bill Gates, Gautam Adani are some of the names that come to our minds when we think of the richest people in the world.
The top of our list is none other than Mansa Musa. You know you've made it when no one can describe how rich you are. The King of Timbuktu from the 14th century presided over what was the largest producer of gold in the world, when gold was in high demand.
2021. As of 2021, Nigerian billionaire Aliko Dangote is the richest person in Africa, and the African countries with the most billionaires are Egypt (5), South Africa (5), Nigeria (3), and Morocco (2).
Believed to have had riches that surpass that of any of the richest men that have ever existed before and after him, Mansa Musa amassed so much wealth that he crippled a nation's economy just by his financial recklessness.
Mansa Musa was knowledgeable in Arabic and was described as a Muslim traditionalist. He became the first Muslim ruler in West Africa to make the nearly four thousand mile journey to Mecca.
When Mansa Musa, a Muslim, took a pilgrimage to Mecca in 1324 he reportedly brought a procession of 60,000 men and 12,000 slaves. Slavery was prevalent in many West and Central African societies before and during the trans-Atlantic slave trade.
Depending on how you look at it, Australians have it pretty good. The average Australian now has a net worth of more than US$550,000. Collectively, Australian households have a staggering $14 trillion in wealth and the number is steadily growing.
The world's 12th largest economy
Strong growth in 2021 solidified Australia's position as the world's 12th largest economy in 2021. Nominal GDP was around A$2.2 trillion (US$1.6 trillion) in 2021. Australia is home to just 0.3% of the world's population, but accounts for 1.7% of the global economy.