Greed and Decline: The Treasure of the Knights Templar and Their Downfall

The ‘Poor Fellow-Soldiers of Christ and the Temple of Solomon,’ more commonly known as the Knights Templar, or the Templars, was one of the most renowned military orders during the Middle Ages. The source of their fame came not only from their prowess on the battlefield, but also from the wealth they amassed during the Crusades. These riches eventually led to their downfall, and became the so-called ‘Treasure of the Templars’ in the popular imagination. What exactly is the ’Treasure of the Templars’?

The Finances of the Templars

The Templars were not only great warriors, but formidable financiers as well. One of the two ranks of non-fighting men, for instance, was known as the farmers, who were responsible for the administration of the Order’s worldly possessions. The other rank was the chaplains, which tended to the spiritual needs of the Order.

As they had the official endorsement of the Church, the wealthy of Europe provided the Templars with a great amount of donations in the form of money, land, and fighting men. Additionally, they were exempted from all taxation, including the ecclesiastical tithes that were due to the clergy. Thus, the Templars became one of the most affluent institutions during the Middle Ages.

Members of the Knights Templar in discussion.

Members of the Knights Templar in discussion. (Public Domain)

The Downfall of the Templars

It was during the early 14th century that the Knights Templar officially came to an end, with the execution of its last Grand Master, Jacques de Molay. The dissolution of the Order was related to its vast treasury.

 Jacques de Molay, the last Grand Master of the Knights Templar.

 Jacques de Molay, the last Grand Master of the Knights Templar. (Public Domain)

The man responsible for the downfall of the Templars was the king of France, Philip IV, called the Fair. The French king, it has been claimed, was heavily in debt to the Templars due to his war with the English, and was also eyeing the wealth of the Templars for himself.

In 1305, Pope Clement V sent letters to de Molay and the Grand Master of the Hospitallers, requesting them to come to France to discuss the possible merger of the two Orders. de Molay arrived in early 1307, though the meeting was delayed for some time.

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