Mansa Musa was the tenth sultan of Mali Empire. He conquered 24 cities during his reign. He is also believed to be the wealthiest person that ever lived on earth. During his existence in 1312-1337, he proved to be the wealthiest man in the world. Let’s find out how much was the net worth of one-time emperor of the Mali Empire Mansa Musa.
Early life and Biography
Mansa Musa’s real name is Musa Keita. He adopted the name ‘Mansa’ when he became the emperor of Mali. It means ‘ King of kings’ or ‘Emperor.’ Musa was born in the 1280’s into the Keita Dynasty in Mali. He was a grandson to Abu-Bakra-Keita who was a brother to Sundiata Keita. Sundiata Keita is known as the founder of the Malian Empire. Musa’s father was Faga Laye, and his brother was Suleyman.
It was not clear exactly how many wives Monsa Musa had, but Inari Kunate is repeatedly mentioned as his spouse. There is also no mention of the number of children Musa had. He had a son named Meghan. Meghan succeeded Musa after his death.
Mansa Musa was appointed a deputy to Abu-Bakr 11 when the king embarked on a mission to explore the extremity of the Atlantic Ocean. Unfortunately, the king never returned, and that is how Musa became the ruler of the Mali Empire.
Mansa Musa is mostly remembered for his extravagant pilgrimage that he took to Mecca in 1324. The pilgrimage made him be known by rulers in Europe and the Middle East. Musa had gathered a massive group of people to accompany the royal family. They included 60,000 posters whose caravan had 100 camels. They were each carrying 300 pounds of gold. Musa’s wife had 500 attendants and 500 slaves who carried 4-pound gold staff each.
During his pilgrimage, he gave out gold to the poor in all the regions that he passed through. He also traded gold pieces with souvenirs. This devastated the economy of these regions. He gave out so much gold in Egypt that the value of gold decreased to 25 percent. This ruined the Egyptian economy for decades to come.
Later in the pilgrimage, Musa ran out of money and had to borrow from Egyptian merchants. He borrowed a very large amount of money and to rectify the gold market, he borrowed all the gold from lenders at a very high interest rate. This way, he directly controlled the price of gold. He became the only man in history to control gold price in the Mediterranean directly.
Upon completing the pilgrimage, Musa brought home Arab scholars, architects and government bureaucrats who helped him in the development of his empire. The notion of his journey also encouraged scholars, artisans, and poets to migrate to Mali. Their contribution made Mali Empire be a cultural center in the Muslim world.
Mansa Musa reigned for 25 years, and all that time there was absolute peace and prosperity in Mali. At that time, Mali was said to be responsible for half of all the world’s salt and gold supply. Mosques and madrasas were built in Timbuktu which was the most considerable estate and Gao in his reign. The great Djinguereb Mosque still stands today in Timbuktu as well as the University of Sankore. Musa died in 1337 and was succeeded by his son Mansa Maghan 1.
Net Worth & Earnings
Mansa Musa is the world’s richest man recorded in history. His net worth is more then $400 billion. His fortune was from the gold trade that took place in Africa in the 14th century.
There is no doubt that Mansa Musa lived a great life. Apart from acquiring wealth, he led Mali Empire to greater heights, and its growth and prosperity were evident to the surrounding region. The university and the mosque he built still stands. The empire that Manta Musa constructed continues to flourish even after his death.