
The Wealthiest Family of All Time - The Rothschilds (Part 1)
How to Take Over the World
00:00
The Wealth of a Richess
Wilhelm was thought by many to be the richest man in europe. He inherited a bunch of money from his dad but also did a lot to make himself even more. In 17 76, if you're american, the significance of that year is probably not lost on you. The british empire was extremely wealthy and paid a lot of money for these troops. So what ends up happening is that briton sends wilhelm promissory notes that can be redeemed for british pounds in london. Wilhelm then has to sell those to intermediaries at a discount, who sell them to other intermediaries who redeem them for britishes. This is called discounting
Transcript
Play full episode