His father, Niccolò Polo, a merchant, traded with the Near East, becoming wealthy and achieving great prestige. Niccolò and his brother Maffeo set off on a trading voyage before Marco's birth. In 1260, Niccolò and Maffeo, while residing in Constantinople, then the capital of the Latin Empire, foresaw a political change; they liquidated their assets into jewels and moved away. According to The Travels of Marco Polo, they passed through much of Asia, and met with Kublai Khan, a Mongol ruler and founder of the Yuan dynasty. Their decision to leave Constantinople proved timely. In 1261 Michael VIII Palaiologos, the ruler of the Empire of Nicaea, took Constantinople, promptly burned the Venetian quarter and re-established the Eastern Roman Empire. Captured Venetian citizens were blinded, while many of those who managed to escape perished aboard overloaded refugee ships fleeing to other Venetian colonies in the Aegean Sea.
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