On January 10, India’s richest person Mukesh Ambani was ranked 20th in the list of wealthiest people in the Bloomberg’s Billionaires Index. Ambani with his $41.2 billion wealth ranking at No. 20 is of course, no mean feat. But picture this– there was an Indian emperor, long before our time, who actually features among 10 richest persons of all time.Money magazine in 2015 compiled a list of richest people of all time by taking an individual’s wealth and comparing it to the country’s GDP, apart from adjusting for inflation and speaking to hundreds of economists and historians. The study revealed that Emperor Akbar, the third of the Mughal rulers, had 25 per cent of the global GDP in his possession.
In the run up to the budget as the government is focusing on Continue reading