Jacob Fugger

Jacob Fugger

Jacob Fugger ( _de. Jakob Fugger; 6 March 1459 – 30 December 1525), sometimes known as Jacob Fugger the Rich, was a German banker and a member of the Fugger family.

Biography

Fugger was born on 6 March 1459 in the Swabian town of Augsburg in the Holy Roman Empire. He was the son of Hans Fugger, a weaver who settled there in the late 15th century. A trader like his brothers, he learned double-entry bookkeeping in Venice. Inheriting his father's business of trading, Fugger expanded the family enterprise to the Adriatic Sea via the port of Venice.

At his death on 30 December 1525 Jacob Fugger bequeathed to his nephew Anton Fugger company assets totaling 2,032,652 guilders. [cite encyclopedia |last= |first= |author= |authorlink= |coauthors= |editor= |encyclopedia=Encyclopaedia Britannica |title=Anton Fugger |url=http://www.britannica.com/EBchecked/topic/221438/Anton-Fugger |accessyear= |accessmonth= |edition= |date= |year= |month= |publisher= |volume= |location= |id= |isbn= |doi= |pages= |quote= | accessdate=2008-08-12 ]

Legacy

He was well-known throughout Europe, and used his eventual fortune to lend money to its rulers. Fugger often provided mercenary armies with monetary resources so they could wage war against one another.

Election of Charles V

Fugger provided Charles V with the money needed to bribe the seven electors to make him Holy Roman Emperor in 1519. Charles ennobled the family and granted them sovereign rights over their lands, including that of coining their own money. Jacob also secured the right to sell papal indulgences, which increased his already vast fortune tenfold.

References


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  • Johann Jacob Fugger — Pour les articles homonymes, voir Fugger. Johann Jakob Fugger (Christoph Amberger, 1541) Johann Jacob Fugger, né le 23 déce …   Wikipédia en Français

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  • FUGGER (LES) — Puissance d’argent représentative du capitalisme du XVIe siècle, les banquiers Fugger, citoyens d’Augsbourg, ville d’Empire située dans l’actuelle Bavière, définissent une dynastie et un type d’exploitation familial; ils ont connu un destin dont… …   Encyclopédie Universelle

  • Fugger family — German mercantile and banking dynasty that dominated European business in the 15th–16th centuries. The family business traces its origins to Hans (Johannes) Fugger (1348–1409), a weaver in Augsburg. Under his grandsons Ulrich (1441–1510), Georg… …   Universalium

  • Fugger Family —    Mercantile and banking family of Augsburg, noted for their role in financing European governments but also as patrons of art and scholarship. Their rise began in the 14th century with Hans Fugger, a cloth merchant. The true founder of their… …   Historical Dictionary of Renaissance

  • Johannes Fugger — Fugger Jacob Fugger (1459 1525), par Dürer …   Wikipédia en Français

  • Jakob Fugger — Jacob Fugger Jacob Fugger par Albrecht Dürer, vers 1519. Jacob Fugger dit le Riche (né le 6 mars 1459 à Augsbourg et décédé dans la même ville le 30 décembre 1525) est le banquier le plus célèbre de la famille Fugger …   Wikipédia en Français

  • FUGGER —    the name of a family of Augsburg who rose from the loom by way of commerce to great wealth and eminence in Germany, particularly under the Emperors Maximilian and Charles V., the real founder of the wealth being Jacob, who died 1409 …   The Nuttall Encyclopaedia

  • Antoine Fugger — Anton Fugger Portrait d Anton Fugger par Hans Maler,1525, Musée du Louvre Anton Fugger (francisé en Antoine Fugger), né à Nuremberg le 10 juin 1493 et mort à Augsbourg le 14 septembre 1560, était un marchand et banquier allemand. Il succède à son …   Wikipédia en Français

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