The Mughal Empire became the world's dominant power. The wealth of the Mughal Empire around the year 1700 would translate to a staggering $21 trillion today. The Mughals were the world's leaders in manufacturing at the end of the 17th century, producing 25% of the world's industrial output.
On top of having many colonies, the British Empire began the Industrial Revolution in the previous era (Era 5) and gained a lot of its income from the success of it. Due to the above reasoning, the British Empire peaked with $683.3 billion dollars in 1939, making it the richest empire in history.
According to historians, the richest person ever to walk the earth was a man named Mansa Musa, a 14th century West African ruler, whose wealth was simply “indescribable” and “incomprehensible”, per the BBC.
India and China were the wealthiest countries till the 18th century.
The Indian subcontinent had the largest economy of any region in the world for most of the interval between the 1st and 18th centuries.
In the Scheidel–Friesen model of Roman national accounts, the total annual income generated by the Empire is placed at nearly 20 billion sestertii, with about 5 percent extracted by the imperial government. Households in the top 1.5 percent of income distribution captured about 20 percent of income.
Map Depicting Treasure Fleets
The treasure fleets returned with colonial products, especially gold and silver, which made Spain the richest country in Europe.
Mansa Musa (1280-1337) - Wealth incalculable
Mansa Moussa, who ruled the Malian Empire, lived from 1280 to 1337 considered the richest man of all time. He also owned the Bambuk gold mines which account for more than 50 per cent of world supply today.
As a result, six of the seven largest economies in the world are projected to be emerging economies in 2050 led by China (1st), India (2nd) and Indonesia (4th) The US could be down to third place in the global GDP rankings while the EU27's share of world GDP could fall below 10% by 2050.
A trillionaire is an individual with a net worth equal to at least one trillion in U.S. dollars or a similarly valued currency, such as the euro or the British pound. Currently, no one has yet claimed trillionaire status, although some of the world's richest individuals may only be a few years away from this milestone.
King Solomon
According to the Bible, King Solomon during his rule he is said to have received 25 tons of gold for each of the 39 years of his reign. In a single year, according to 1 Kings 10:14, Solomon collected tribute amounting to 666 talents(18,125 kilograms) of gold.
Genghis Khan was by far the greatest conqueror the world has ever known, whose empire stretched from the Pacific Ocean to central Europe, including all of China, the Middle East and Russia. So how did an illiterate nomad rise to such colossal power, eclipsing Alexander the Great, Julius Caesar and Napoleon?
Mansa Musa The Richest African King (African Moors Kings and Queens)
San Marino is the oldest sovereign state in the world, having been founded in 301AD. But it's also one of the smallest – about 60 square kilometres (or 24 square miles).
Throughout the Second World War, the United States consistently had the largest gross domestic product (GDP) in the world. Additionally, U.S. GDP grew significantly throughout the war, whereas the economies of Europe and Japan saw relatively little growth, and were often in decline.
In 1938, the year before the Second World War, the United States had, by far, the largest economy in the world in terms of gross domestic product (GDP).
In 1000 AD, India's per capita income was $450 and China's $466. But the average of the West Asian countries, such as Turkey and Iraq, was much higher at $621. In terms of general prosperity, therefore, it was the Arab world that was doing well a millennium ago.