Top 10 richest people in history by Time magazine

4. Akbar I the Great

The king of the Mughal Empire, or as it is called, “the greatest ruler of India”, ruled the country, which accounts for a quarter of all that was done in the world at that time.

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According to historians, during the reign of Akbar, India’s GDP per capita was comparable with Elizabethan England XVI century.

The claim that India’s elite were wealthier than their Western “brothers in the estate” backed up by data economist Branko Milanovic (Branko Milanovic). His study showed that Mughal rule one of the most effective empires of all time: they knew a lot about “removing taxes from their subjects.”

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