Everything about Jakob Fugger totally explained
Jacob Fugger (;
6 March 1455 –
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 in the
Swabian town of
Augsburg in the
Holy Roman Empire, the son of 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. When asked if he wanted to retire, Fugger replied that he intended to keep making money until he dropped dead. Shortly before he died in December 1525, he appointed his nephew,
Anton Fugger, as his successor. 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.
At their peak the Fugger family had amassed a fortune of 5,100,000
guilders – a greater sum than the combined value of all 30 companies listed on today’s DAX, the
German Stock Exchange index.
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.
Further Information
Get more info on 'Jakob Fugger'.
|
External Link Exchanges
Do you know how hard it is to get a link from a large encyclopaedia? Well we're different and will prove it. To get a link from us just add the following HTML to your site on a relevant page:
<a href="http://jacob_fugger.totallyexplained.com">Jacob Fugger Totally Explained</a>
Then simply click through this link from your web page. Our crawlers will verify your link, extract the title of your web page and instantly add a link back to it. If you like you can remove the words Totally Explained and embed the link in article text.
As long as your link remains in place, we'll keep our link to you right here. Please play fair - our crawlers are watching. Your site must be closely related to this one's topic. Any kind of spamming, dubious practises or removing the link will result in your link from us being dropped and, potentially, your whole site being banned. |
