Mansa Musa Net Worth
The Mansa Musa Net Worth is an impressive amount. He was one of the richest people in history, and was a member of the Mali Empire for nearly thirty years. While in Mali, he established the Standard Oil Company, traded gold and salt, and built mosques and madrasas throughout the country. You may not know the exact amount of his wealth, but you can still get an idea of his net worth in this article.
Mansa Musa was the richest person in history
During his lifetime, Mansa Musa owned a fortune of $400 billion. He was so wealthy that he could buy souvenirs and give them away to the poor without haggling. It had a monopoly on the trade of ivory in the interior of Africa and the northern region. He was also a major source of gold and salt to Europe and the Middle East. His wealth was largely derive from taxes on the trade of these commodities.
His military success led to him being crown the Mali Empire in 1312. He ruled over 24 cities and the surrounding districts, annexed Timbuktu, and reestablished his power in Gao. His empire included the modern-day countries of Mauritania, Senegal, the Gambia, and Burkina Faso. He also conquered parts of Nigeria and Chad.
In fact, the richest person in history made a 4,000-mile pilgrimage to Mecca. He took with him 60,000 men, including his own royal court, griots, and merchants. The caravan was said to have included up to 1,000 slaves and a train of sheep and goats. Mansa Musa also rode 100 gold-filled camels.
While the amount of his assets is inconceivable, historians and economists have rounded up his wealth to about $400 billion. But as Time magazine points out, there is no way to measure the true value of Mansa Musa’s fortune. And some say that his contemporaries exaggerated his wealth. Nonetheless, he was indeed the richest person in history, and the richest person in history.
A devout Muslim, Musa made pilgrimages to Mecca in 1324. During his trip to Mecca, he acquired the territory of Gao. He also expanded his empire into Mali, and he gave his people gold in return. During his pilgrimage, he gave out countless gifts to random people, including the king of Mali. His generosity continued even after his death.
He traded gold and salt
In the medieval world, traders would cross the Sahara Desert to get their hands on West African gold. Mansa Musa, the wealthy merchant, did just that. He and his followers traveled with 60,000 men and traveled from oasis to oasis across the Sahara Desert. Their journey would take them to Mecca, Cairo, and Medina. The journey was a long one, and it took the Egyptian economy over a decade to recover from Mansa Musa’s gold touch.
In the late 14th century, Mansa Musa’s caravan was famous and attracted Europeans thousands of miles away. The Spanish cartographer Abraham Cresques depicted the empire on maps. His maps showed an emperor with a crown, a scepter, and gold. This vision of a rich, prosperous king created a dream for Europeans at a time when the slave trade was widespread and Europe was suffering from plague. Thousands of years later, the image of wealthy Timbuktu became a beautiful tapestry in the European imagination.
During the Middle Ages, Mansa Musa traded gold and salt in his empire. Eventually, he took over the throne from his great-uncle, Abubakari. He used his wealth from trading gold and salt to build up the cultural centers of his empire. This period was also known as the Golden Age. There were many important events during Mansa Musa’s reign.
The Mali Empire was ruled by Mansa Musa I during the early 14th century. During this time, his people amassed vast wealth. He came to power in 1312 C.E., and made his empire the wealthiest kingdom in Africa. Mali was rich because of the rich gold and salt deposits it had in its territory. This led to the spread of his empire throughout several territories.
He founded the Standard Oil Company
The Standard Oil Company was named after a West African ruler who became famous for founding it. He is represented with a gold staff and nugget and became the international icon of wealth. His wealth was so enormous that people struggled to describe it. His name lives on in history and a great deal of history. Mansa Musa was a visionary who took a leap of faith and founded the company.
The company became a monopoly and dominated the oil industry in the US. In 1869, the company was the largest oil refinery firm in the world, producing between ninety-five percent of all the oil in the United States. Eventually, the U.S. Government broke the company into smaller companies called the Seven Sisters. The Seven Sisters each had their own boards of directors.
Before he founded the Standard Oil Company, Mansa Musa was a devout Muslim. His pilgrimage to Mecca in 1324 made his country famous worldwide. He also brought with him scholars and architects who would later build mosques and universities in the region. As a result, the Mali people flocked to Cairo. By the year 1325, the fame of Mali reached Egypt.
Mansa Musa came to power in the year 1312 C.E., when his predecessor, Abu Bakr II, disappeared at sea. Mansa Musa expanded trade and made Mali the wealthiest kingdom in Africa. He was able to do this because of gold deposits and salt deposits. Ultimately, his efforts resulted in the Standard Oil Company becoming the Standard Oil Company today.
He built mosques and madrasas in Timbuktu and Gao
Around 1325, Mali king Mansa Musa travelled through the city of Timbuktu and the nearby city of Gao. He brought architects from Cairo and Andalusia to help him build the magnificent Timbuktu mosque, as well as many other buildings. His most famous mosque was the Djinguereber Mosque, which was decorated with gold and other materials from around the world. It is now one of the most popular places in present-day Mali.
During his reign, the University of Sankore became a center for Islamic learning. This University attracted scholars and students from all over the world. In 1330, the Kingdom of Mossi invaded Timbuktu. Musa’s general captured Gao, and built a stone fort and ramparts to protect the city. This fort still stands today, along with the University of Sankore.
Though his reign was brief, he left a legacy of religious architecture. Besides mosques and madrasas in Timbuktu and Gao, he also built a series of buildings that were considered holy by Muslims. His buildings also served as a model for other buildings, including the mosques and madrasas of present-day Mali.
To help the Muslim population in Timbuktu and Gao, Mansa Musa’s government appointed trustworthy governors in Timbuktu and Gaia. These governors were responsible for tax collection, record-keeping, and general adherence to the Emperor’s directives. Moreover, the Emperor awarded his best governors with white trousers. Wider trousers were regarded as signs of favor with Mansa Musa.
After the 1324 Hajj, the ruler of Timbuktu and Gao, Mansa Musa gave the Mali Empire international fame. He travelled with 80,000 people on camels, including his son and nephew, and stopped at Cairo, Egypt after 8 months. The caravan consisted of 200 camels and 30,000 pounds of gold. The money donated by Mansa Musa’s pilgrimage brought Egypt’s economy into recession and it took another 10 years to recover.
He gave away so much gold that it caused mass inflation
Throughout history, there have been many instances of a monarch giving away so much gold that it caused mass inflation. However, the last time such a monarch did so was in 1324, when Mansa Musa gave away so much gold in Cairo that it crippled the economy. Because of this, historians now believe that this man was actually a true hero.
The gold influx caused hyperinflation and nearly wiped out three great cities, with the region enduring a period of ten years of mass inflation. The gold that Musa gave away was considered precious and scarce, and the devaluation of its value was astronomical, amounting to about $1.5 billion in modern money. But what really caused the massive inflation? How much gold did Musa actually give away?
Once Mansa Musa reached Mecca, he spent so much of his gold that the Catalan Atlas (1375) depicted an African king sitting on a golden throne. This king’s gold-filled wealth became the talk of the land, and tales of his generosity spread throughout Europe. A 14th century map of Spain shows an African king sitting on a gold throne, and the city soon became an African El Dorado.
The Egyptians and Europeans were aware of this gold-laden Mali at the time. Rumors of gold supplies in the region had travelled to Europe, where European cartographers began to fill the continent with pictures of animals. By the time of the third reign of an-Nasir, maps of West Africa began to show Musa seated on a solid gold throne.