Meet Mansa Musa I of Mali – the richest human being in all history

A new study has produced an inflation-adjusted list of the richest people of all time

When we think of the world’s all-time richest people, names like Bill Gates, Warren Buffet and John D Rockefeller immediately come to mind.

But few would have thought, or even heard of, Mansa Musa I of Mali – the obscure 14th century African king who was today named the richest person in all history.

With an inflation adjusted fortune of $400 billion, Mansa Musa I would have been considerably richer than the world’s current richest man, Carlos Slim, who ranks in 22nd place with a relatively paltry $68 billion.

The list, compiled by the Celebrity Net Worth website, ranks the world’s 24 richest people of all time. The list advertises itself as the top 25, but 26 names appear in the list.

Although the list spans 1000 years, some aspects of wealth appear consistent throughout history; there are no women on the list, only three members are alive today, and 14 of the top 25 are American.

The list uses the annual 2199.6 per cent rate of inflation to adjust historic fortunes – a formula that means $100 million in 1913 would be equal to £2.299.63 billion today.

Mansa Musa I ruled West Africa’s Malian Empire in the early 1300s, making his fortune by exploiting his country’s salt and gold production. Many mosques he built as a young man still stand today.

After Mansa Musa I death in 1331, however, his heirs were unable to hang on to the fortune, and it was substantially depleted by civil wars and invading armies.

Second on the list are the Rothschild family, whose descendants are still among the richest people on the planet. Starting out in banking in the late 18th Century, Mayer Amschel Rothschild’s finance house accumulated a total wealth of $350 billion. The money has since been divided between hundreds of descendants, many of whom are business leaders today.

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.

Here’s the full list of the ‘26 richest people of all time’:

1. Mansa Musa I, (Ruler of Malian Empire, 1280-1331) $400 billion

2. Rothschild Family (banking dynasty, 1740- ) $350 billion

3. John D Rockefeller (industrialist, 1839-1937) $340 billion

4. Andrew Carnegie (industrialist, 1835-1919) $310 billion

5. Tsar Nicholas II of Russia (last Emperor of Russia, 1868-1918) $300 billion

6. Osman Ali Khan, Asaf Jah VII (last ruler of Hyderabad, 1886-1967) $236 billion

7. William the Conqueror (King of England, 1028-1087) $229.5 billion

8. Muammar Gaddafi (former Libyan leader, 1942-2011) $200 billion

9. Henry Ford (Ford Motor Company founder, 1863-1947) $199 billion

10. Cornelius Vanderbilt (industrialist, 1794-1877) $185 billion

11. Alan Rufus (Fighting companion of William the Conqueror, 1040-1093) $178.65 billion

12. Bill Gates (Founder of Microsoft, 1955- ) $136 billion

13. William de Warenne, 1st Earl of Surrey (Norman nobleman, ??-1088) $146.13 billion

14. John Jacob Astor (businessman, 1864-1912) $121 billion

15. Richard Fitzalan, 10th Earl of Arundel (English nobleman, 1306-1376) £118.6 billion

16. John of Gaunt (son of Edward III, 1330-1399) £110 billion

17. Stephen Girard (shipping and banking mogul, 1750-1831) $105 billion

18. Alexander Turney Stewart (entrepreneur, 1803-1876) $90 billion

19. Henry, 1st Duke of Lancaster (English noble, 1310-1361) $85.1 billion

20. Friedrich Weyerhaeuser (timber mogul, 1834-1914) $80 billion

21. Jay Gould (railroad tycoon, 1836-1892) $71 billion

22. Carlos Slim (business magnate, 1940- ) $68 billion

23. Stephen Van Rensselaer (land owner, 1764- 1839) $68 billion

24. Marshall Field (Marshall Field & Company founder, 1834-1906) $66 billion

25. Sam Walton (Walmart founder, 1918-1992) $65billion

26. Warren Buffett (investor, 1930- ) $64billion

Start your day with The Independent, sign up for daily news emails
PROMOTED VIDEO
Have you tried new the Independent Digital Edition apps?
News
ebooksNow available in paperback
Arts and Entertainment
Madonna is not in Twitter's good books after describing her album leak as 'artistic rape and terrorism'
music
News
i100
Arts and Entertainment
Tony Hughes (James Nesbitt) after his son Olly disappeared on a family holiday in France
tv
Arts and Entertainment
The Apprentice candidates Roisin Hogan, Solomon Akhtar, Mark Wright, Bianca Miller, Daniel Lassman
tvReview: But which contestants got the boot?
Arts and Entertainment
Jim Carrey and Jeff Daniels ride again in Dumb and Dumber To
filmReview: Dumb And Dumber To was a really stupid idea
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs General

Recruitment Genius: Provisioning Specialist

Negotiable: Recruitment Genius: A Provisioning Specialist is required to join ...

Recruitment Genius: Sales Apprenticeships

£10000 per annum: Recruitment Genius: This is an outstanding opportunity for 1...

Recruitment Genius: Customer Support Engineer

Negotiable: Recruitment Genius: A Support Engineer is required to join a well-...

Recruitment Genius: Customer Services Administrator - Swedish Speaking

Negotiable: Recruitment Genius: This is an exciting opportunity to join an awa...

Day In a Page

Jeb Bush vs Hillary Clinton: The power dynamics of the two first families

Jeb Bush vs Hillary Clinton

Karen Tumulty explores the power dynamics of the two first families
Stockholm is rivalling Silicon Valley with a hotbed of technology start-ups

Stockholm is rivalling Silicon Valley

The Swedish capital is home to two of the most popular video games in the world, as well as thousands of technology start-ups worth hundreds of millions of pounds – and it's all happened since 2009
Did Japanese workers really get their symbols mixed up and display Santa on a crucifix?

Crucified Santa: Urban myth refuses to die

The story goes that Japanese store workers created a life-size effigy of a smiling "Father Kurisumasu" attached to a facsimile of Our Lord's final instrument of torture
Jennifer Saunders and Kate Moss join David Walliams on set for TV adaptation of The Boy in the Dress

The Boy in the Dress: On set with the stars

Walliams' story about a boy who goes to school in a dress will be shown this Christmas
La Famille Bélier is being touted as this year's Amelie - so why are many in the deaf community outraged by it?

Deaf community outraged by La Famille Bélier

The new film tells the story of a deaf-mute farming family and is being touted as this year's Amelie
10 best high-end laptops

10 best high-end laptops

From lightweight and zippy devices to gaming beasts, we test the latest in top-spec portable computers
Michael Carberry: ‘After such a tough time, I’m not sure I will stay in the game’

Michael Carberry: ‘After such a tough time, I’m not sure I will stay in the game’

The batsman has grown disillusioned after England’s Ashes debacle and allegations linking him to the Pietersen affair
Susie Wolff: A driving force in battle for equality behind the wheel

Susie Wolff: A driving force in battle for equality behind the wheel

The Williams driver has had plenty of doubters, but hopes she will be judged by her ability in the cockpit
Adam Gemili interview: 'No abs Adam' plans to muscle in on Usain Bolt's turf

'No abs Adam' plans to muscle in on Usain Bolt's turf

After a year touched by tragedy, Adam Gemili wants to become the sixth Briton to run a sub-10sec 100m
Calls for a military mental health 'quality mark'

Homeless Veterans campaign

Expert calls for military mental health 'quality mark'
Racton Man: Analysis shows famous skeleton was a 6ft Bronze Age superman

Meet Racton Man

Analysis shows famous skeleton was a 6ft Bronze Age superman
Garden Bridge: St Paul’s adds to £175m project’s troubled waters

Garden Bridge

St Paul’s adds to £175m project’s troubled waters
Stuff your own Christmas mouse ornament: An evening class in taxidermy with a festive feel

Stuff your own Christmas mouse ornament

An evening class in taxidermy with a festive feel
Joint Enterprise: The legal doctrine which critics say has caused hundreds of miscarriages of justice

Joint Enterprise

The legal doctrine which critics say has caused hundreds of miscarriages of justice
Freud and Eros: Love, Lust and Longing at the Freud Museum: Objects of Desire

Freud and Eros

Love, Lust and Longing at the Freud Museum