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RS Components looked at some of the world’s richest women who saw net worth increases between 2018 and 2019 to see how long it took them to earn your wage. So which females are leading the way in business?

At aged 72, Diane Hendricks is the richest self-made woman with a net worth of $6.3 billion. Diane made her billions as Chairman of ABC Supply, a wholesale distributor of roofing.

Her hourly earning is $91,324 which is $34,808 more than the US average yearly salary.

It would take the richest self-made woman 37 minutes to earn the US average salary of $56,516 and just 28 minutes to earn the UK average salary of £35,432.

Thai Lee is the second richest self-made woman with a network of $2.1 billion and earns $1,369,863 per day, which is 24 times more than the US average yearly salary.

Thai is the CEO of SHI International, a leading IT provider which she founded in November 1989 aged 31.

The youngest self-made woman is Kylie Jenner who earns $190 every minute. Aged just 22, Kylie is already worth $1 billion. She launched her successful cosmetics company, Kylie Cosmetics in 2015.

How does your salary compare to the richest self-made women? Use RS Components’ new interactive tool to find out how long it would take them to earn your salary.

In this Alux.com video we'll try to answer the following questions:

• Who is Elizabeth Holmes?!

• Who is Sean Quinn?!

• Who is Eike Batista?!

• Who is Bjorgolfur Gudmundsson?!

• Who is Allen Stanford?!

• Who is Bernie Madoff?!

• Who is Vijay Mallya?!

• Who is Adolf Merckle?!

• Who is Alberto Vilar?!

• Who is Manoj Bhargava?!

• Who is Olav Thon?!

• Who is Femi Otedola?!

• Who is Huang Wenji?!

• Who is Patricia Kluge?!

• Who is Ramesh Chandra?!

According to Bloomberg's Billionaires Index, in 2018, Jeff Bezos, Founder and CEO of Amazon, took up the throne as richest man alive, having crossed the $150 billion mark and replacing Bill Gates, Co-Founder or Microsoft, who held the position for several years, and whose all-time high net worth was valued at just above $100 billion in 1999.

However, throughout history, there have been richer men. Yet sadly, no richer women. Taking into account inflation and the value of wealth held, Jeff Bezos actually sits much further down in the richest people ever list, with the likes of Genghis Khan and John D. Rockefeller taking precedence.

But who is truly the richest person that ever lived?

At an estimated value of $400 billion, Mansa Musa I of Mali is the richest person who ever lived. Born in 1280, Mansa Musa was ruler of the Malian empire, and acquired the most part of his wealth from the production and trade of salt and gold; more than half of the world’s supply at the time in fact.

You’ve likely never heard of this ruler, unless of course you live in a country that was heavily influenced by his rule, which would be several African countries with Muslim heritage. Still today there are mosques standing that were built on the back of Musa’s immense wealth.

Dying in 1337, Musa left his huge amount of money to his heirs, who not only squandered the best part, but failed to protect the family worth just two generations down the line, when the empire was overturned in civil war and conquered by invading foreign nations. Musa was the tenth Mansa of the Malian empire and ruled over the better part of what was previously the Ghana empire, today known as Mauritania and Mali.

His titles, surprisingly unrelated to his stacks of cash, include among others: "Emir of Melle," "Lord of the Mines of Wangara," and "Conqueror of Ghanata." According to David C. Conrad's "Empires of Medieval West Africa: Ghana, Mali, and Songhay," during his rule, Musa conquered 24 cities and their surrounding districts, amassing wealth left, right and centre. On top of this, he was the world’s biggest gold producer and distributor, as gold was a highly sought commodity at the time, and an important indication of status and affluence.

TED Ed reports that in order to fulfill one of the five pillars of Islam, Mansa Musa made a 4,000 mile pilgrimage to Mecca, and spent silly amounts of cash in doing so, as of course a Mansa as such had to travel in both style and luxury. TED Ed writer Jessica Smith says: "Not one to travel on a budget, he brought a caravan stretching as far as the eye could see.” The 60,000 strong caravan was rumoured to have included 1,000 helpers, 100 gold-packed camels, endless musicians the Mansa enjoyed, and 500 or more slaves with golden staffs.

Alongside his heritage Musa’s assets are estimated to be worth an inconceivable amount, and although historians and economists have rounded said value to around $400 billion, according to Time magazine: "There's really no way to put an accurate number on his wealth." In fact, some believe that Mansa Musa’s incredible fortune may have been slightly exaggerated by his contemporaries, and that the Rothschild Family, the most successful banking family in history, may be in fact the front runner for the richest person/persons who ever lived.

"There's really no way to put an accurate number on his wealth."

- Time Magazine

Nonetheless, this legendary ruler stands among the richest of the rich, and while today’s generations may have forgotten him, time remembers him through the many monuments, mosques and madrasas that he had built and still stand in Gao and Timbuktu, but more notably, the Sankoré University, which today is a fully staffed university with over 25,000 students and one of the largest libraries in the world at roughly 1,000,000 historical manuscripts.

Bill Gates and Jeff Bezos are names we hear daily nowadays, and names we most associate with real billionaires, but these guys aren’t much in comparison to Mansa Musa, the richest person who ever lived.

Sources:

http://time.com/money/3977798/the-10-richest-people-of-all-time-2/

https://en.wikipedia.org/wiki/List_of_wealthiest_historical_figures

https://www.celebritynetworth.com/articles/entertainment-articles/25-richest-people-lived-inflation-adjusted/

https://worldpolicy.org/2012/04/10/lessons-from-timbuktu-what-malis-manuscripts-teach-about-peace/

https://ed.ted.com/lessons/mansa-musa-one-of-the-wealthiest-people-who-ever-lived-jessica-smith#watch

https://www.amazon.com/dp/B00BT68Q2I/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1&tag=bisafetynet2-20

https://www.bloomberg.com/billionaires/

The average British earner would have to work for a staggering 35,715 years to make a billion and join the world’s top tycoons, as revealed in a newly launched innovative tool.

Budget Insurance reveals a wealth of stats and facts about the world’s richest people, demonstrating how average UK workers stack up against top tycoons like Mark Zuckerberg and Bill Gates in ‘The World’s Richest: How Do They Compare?’.

Daydreaming about striking it rich or how many pay cheques it would take to save a life-changing financial sum is common. Discover how average British earners really compare to the world’s richest and take a deep dive into their traits, exploring comparisons over the last decade and even seeing how many years of hard graft are required to join that prestigious world rich list.

In its latest discovery piece, Budget Insurance reveals that a worker in the UK on the average wage of £28,000 would need to work roughly 35,715 years to make their first billion.

The results also reveal that the net worth of those gracing the rich list has increased by $26.88 billion (78%) over the last decade. The average net worth of the world’s current top 10 richest is $61.28 billion[1] whilst, in contrast, the average British person currently has a net worth of £147,134.[2]

The average worker’s net worth may not be as jaw-dropping as that of the world’s most affluent, but it is imperative for everyone to safeguard assets like health and the home by ensuring that the right insurance cover is in place. Yet despite the huge differences in assets between the world’s richest and the average worker, there are some surprising similarities. Government statistics indicate that 32% of Brits have two or more cars, much like the billionaires in the top 10, who typically own between two and three cars each.[3] However, a rough estimation of annual insurance of £575 for a 2017 Ford Focus pales into insignificance against the cost of insuring Bill Gates’ Porsche 911 Carrera at £2,794.52.[4]

Anna McEntee; Associate Director Consumer Marketing; Frontline at Budget Insurance, said: “It’s fascinating to hear how the other half lives. We imagine they probably all have an army of assistants to keep them on top of their household admin – but whether that’s the case or not, we’re sure it’s just as important to them as it is to us to ensure they have the right insurance to protect the things they hold dear.”

From net worth to hair colour, height to children, the piece compares the traits of today’s richest and pits them against data over the last decade.

What’s more, the insurance provider has delved into how much money the world’s richest have donated to charity, their Twitter followers and the number of times they’ve been married, amongst other personal traits like car and home ownership.

The 10 Richest People in the World 2017[5]

(Source: Budget Insurance)

[1] https://www.forbes.com/billionaires/list

[2] http://www.dailymail.co.uk/news/article-2574038/Average-British-person-net-worth-147-134-0-01-cent-David-Beckham.html

[3] https://www.gov.uk/government/statistics/road-use-statistics-2016

[4] https://www.comparethemarket.com/

[5] https://www.forbes.com/billionaires/list/

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