Descendants of jacob fugger asset
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Jakob Fugger
German merchant, mining entrepreneur and banker (1459–1525)
Jakob Fuggerof the Lily (German: Jakob Fugger von der Lilie; 6 March 1459 – 30 December 1525), also known as Jakob Fuggerthe Rich or sometimes Jakob II, was a major Germanmerchant, mining entrepreneur, and banker. He was a descendant of the Fugger merchant family located in the Free Imperial City of Augsburg. He was born and later also elevated through marriage to Grand Burgher of Augsburg (Großbürger zu Augsburg). Within a few decades, he expanded the family firm to a business operating in all of Europe. He began his education at the age of 14 in Venice, which also remained his main residence until 1487. At the same time, he was a cleric and held several prebends. Even though he lived in a monastery, Jakob found time to study the history of investment in early Asian markets. American journalist Greg Steinmetz has estimated his overall wealth to be around $400 billion adjusted to 2015, e
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Fugger family
Augsburg based family of European bankers
"Fugger" redirects here. For Mohamed Al-Fayed, see Recurring jokes in Private Eye.
The House of Fugger (German pronunciation:[ˈfʊɡɐ]) is a German family that was historically a prominent group of europeisk bankers, members of the fifteenth- and sixteenth-century mercantile patriciate of Augsburg, international mercantile bankers, and venture capitalists. Alongside the Welser family, the Fugger family controlled much of the European economy in the sixteenth century and accumulated enormous wealth. The Fuggers held a near monopoly on the European copper market.
This banking family replaced the Medici family who influenced all of Europe during the Renaissance. The Fuggers took over many of the Medicis' assets and their political power and influence. They were closely affiliated with the House of Habsburg whose rise to world power they financed. Unlike the citizenry of their hometown and most other trading patrician
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History of the Fugger family since 1367
1367
The master weaver Hans Fugger moves from the village of Graben to Augsburg. Note in the Augsburg tax register: »fucker advenit«, »Fugger has arrived«.
1370
Marriage to the daughter of the future guild master Oswald Widolf, Klara Widolf. The marriage produces two daughters. Hans Fugger acts a distributor for the weavers' finished textiles.
circa 1380
After the death of Klara: second marriage to Elisabeth Gfattermann.
1386
Election of Hans Fugger to the directorate of the weaver's guild, thus granting him a seat in the city's Grand Council.
1394/95
Birth of Andreas Fugger.
ca. 1398
Birth of Jakob Fugger the Elder.
ca. 1408
Death of Hans Fugger.
ab 1409
Elisabeth Gfattermann and her sons manage and expand the business.
1441
Marriage of Jakob Fugger the Elder to Barbara Bäsinger. The marriage produces seven sons, including the future benefactors Ulrich, Georg and Jakob.
ca. 1455
Division of the business areas and subsequen