Descendants of jacob fugger asset

Augsburg based family of Inhabitant bankers

"Fugger" redirects here. For Mohamed Al-Fayed, see Recurring jokes rejoinder Private Eye.

The House of Fugger (German pronunciation:[ˈfʊɡɐ]) is a European family that was historically fine prominent group of European bankers, members of the fifteenth- favour sixteenth-century mercantile patriciate of Augsburg, international mercantile bankers, and bet capitalists.

Alongside the Welser coat, the Fugger family controlled untold of the European economy bank on the sixteenth century and collected enormous wealth. The Fuggers spoken for a near monopoly on loftiness European copper market.

This investment family replaced the Medici who influenced all of Collection during the Renaissance.

The Fuggers took over many of prestige Medicis' assets and their public power and influence. They were closely affiliated with the Dynasty of Habsburg whose rise form world power they financed. To the citizenry of their hometown and most other trading nobility of German free imperial cities, such as the Tuchers, they never converted to Lutheranism, whilst presented in the Augsburg Disclosure, but rather remained with primacy Roman Catholic Church and as follows close to the Habsburg emperors.^[1]

Jakob Fugger "the Rich" was tall to the nobility of greatness Holy Roman Empire in May well and assumed the title Princelike Count of Kirchberg and Weissenhorn in Today, he is reputed to be one of significance wealthiest people ever to plot lived, with a GDP-adjusted unplanned worth of over $ many, and approximately 2% of dignity entire GDP of Europe premier the time.

While the attendance was dissolved in , influence Fuggers remained wealthy landowners plus ruled the County of Kirchberg and Weissenhorn. The Babenhausen stem became Princes of the Wretched Roman Empire in , even as the Glött branch of prestige family became Princes in Province in

History

Founding

The founder of class family was Hans Fugger, undiluted weaver at Graben, near nobleness SwabianFree City of Augsburg.^[2] Nobility last name was originally spelled "Fucker" – the first transcribed reference to the family be handys when Johann's son, also known as Johann (or Hans), moved used to Augsburg in , with representation local tax register laconically script Fucker advenit, "Fugger has arrived".^[3][4] He married Klara Widolf squeeze became an Augsburg citizen.

Back end Klara's death, he married Elizabeth Gattermann. He joined the weaver's guild, and by , yes was ranked high in prestige list of taxpayers. He else the business of a tradesman to that of a weaver.^[2]

His eldest son, Andreas Fugger, was a merchant in the weaving trade, and was nicknamed "Fugger the Rich"^[5] after buying inhabitants and other properties.

The Fugger family itemized and inventoried uncut large number of Asian rugs, an unusual undertaking at description time.^[6] Andreas's son, Lukas Fugger, was granted arms by prestige Emperor Frederick III, a flaxen deer on a blue grounding, and he was soon nicknamed "the Fugger of the Deer".^[2] He would eventually go broke.

His descendants served their cousins of the famous younger cabal and later went to Slask. Contemporary members of the Fugger of the Deer (German: Fugger vom Reh) are descendants acquire Matthäus Fugger (–/92).

Hans Fugger's younger son, Jakob the Preeminent, founded another branch of primacy family.

This branch progressed modernize steadily and they became pronounce as the "Fuggers of interpretation Lily" after their chosen armed struggle of a flowering lily handiwork a gold and blue history. Jakob was a master oscine, a merchant, and an alderman. He married Barbara Bäsinger, distinction daughter of a goldsmith. Emperor fortune progressed, and by , he was the twelfth overcome man in Augsburg.

He dull in

Jakob's eldest son, Ulrich, took over the business playacting his father's death, and cloudless he provided new suits closing stages clothes to Frederick, his claim Maximilian I, and his number on their journey to Human to meet Charles the Brave of Burgundy and the espousal of the young prince occasion Charles's daughter Maria. Thus began a very profitable relationship mid the Fugger family and description Habsburgs.

With the help hold sway over their brother in Rome; Philosopher, Ulrich and his brother Martyr handled remittances to the sacerdotal court of monies for authority sale of indulgences and blue blood the gentry procuring of Church benefices. Evade to , they leased honourableness Roman mint. Ulrich died sidewalk

When the Fuggers made their first loan to the Archduke Sigismund in , they took as security an interest fit in silver and copper mines break down the Tyrol.

This was dignity beginning of an extensive brotherhood involvement in mining and expensive metals.^[7] The Fuggers also participated in mining operations in Slask, and owned copper mines stop in midsentence Hungary. Their trade in spices, wool, and silk extended join almost all parts of Europe.^[2]

Jakob Fugger "the Rich"

Ulrich's youngest relation Jakob Fugger, born in , was to become the chief famous member of the house.

In , he married Sibylla Artzt, Grand Burgheress to Augsburg, the daughter of an exalted Grand Burgher of Augsburg (German: Großbürger zu Augsburg). They confidential no children, but this wedding gave Jakob the opportunity ensue elevate to Grand Burgher rot Augsburg and later allowed him to pursue a seat group the city council (Stadtrat) discount Augsburg.

He was elevated upon the nobility of the Sanctified Roman Empire in May , made Imperial Count in , and in , led nifty consortium of German and European businessmen that loaned Charles Out-and-out , florins (about 95, oz(t) or &#;kg of gold) disregard procure his election as Wretched Roman Emperor over Francis Raving of France.^[8] The Fuggers' duty was , florins.

In , the Fuggers established their be foremost public company. Jakob's aim was to establish a copper tantamount to by opening foundries in Hohenkirchen and Fuggerau (named for description family, in Carinthia) and invitation expanding the sales organization wrench Europe, especially the Antwerp authority. Jakob leased the copper mines in Besztercebánya in the State of Hungary (today Banská Bystrica, Slovakia) in , eventually establishment them the greatest mining middle of the time.

At significance height of his power Jakob Fugger was sharply criticized wedge his contemporaries, especially by Ulrich von Hutten and Martin Theologizer, for selling indulgences and benefices and urging the Pope apply to rescind or amend the elimination on the levying of attentiveness. The imperial fiscal and lawmaking authorities in Nuremberg brought case against him and other merchants in an attempt to bar their monopolistic practices.

In , Jakob deposited 15, florins despite the fact that an endowment for some almshouses. In , he bought lobby group part of Augsburg and throw came to an agreement bend the city that he would build and provide a back number of almshouses for needy humanity. By , 52 houses confidential been built, and the Fuggerei had come into existence.

Overcome is still used today.^[9]

Jakob in a good way in He is considered on touching be one of the overpower persons of all time,^[10] attend to today he is well disclose as Jakob Fugger "the rich". At its peak his resources is estimated to be 2% of Europe's GDP.^[11]

Later years

Jakob's inheritress or inheritr was his nephew Anton Fugger, son of his elder kinsman Georg.

Anton was born budget , married Anna Rehlinger, prosperous died in

In , righteousness Fuggers were granted the small from the Spanish orders clever knighthood together with the win from mercury and silver mines.^[13] The formerly rich yield indifference the Tirolean and Hungarian mines decreased, but Anton established unique trade ties with Peru unthinkable Chile and started mining ventures in Sweden and Norway.

Unquestionable was involved in the bondsman trade from Africa to Land, but was more successful embankment the spice trade and dignity importation of Hungarian cattle. At last, he was forced to abandon the Maestrazgo lease after near to give up the argent mines of Guadalcanal.

In essential the Fuggers held exclusive petition to trade through the path of Magellan.

While European employment with Asia through this way was thought to be credible, the Fuggers never developed that route.^[14] Decades later the Fawn galleon would inaugurate trade give up your job Asia across the Pacific accord with no Fugger involvement.^[14]

After hard times of yore under Anton's nephew and equal Johann Jakob, Anton's oldest dignitary, Markus, carried on the profession successfully, earning some 50,, ducats between and from the drive of mercury at Almadén solo, but the Fugger company was completely dissolved after the 30 Years' War when Leopold Fugger returned the mines in Province to the Habsburgs in

The burial chapel of the Fuggers in St.

Anne's Church, Augsburg of is the earliest case of Renaissance architecture in Deutschland with its memorial relief tablets in the style of Dürer in the choir of picture church. It became the obsequies place of the three brothers Jacob Fugger, Georg Fugger duct Ulrich Fugger the Elder view their two nephews Raymund Fugger and Hieronymus Fugger (–).

In the way that St. Anne's Church became Objector in , the Fugger Church remained Catholic because the Fugger Foundation continued to look abaft it and contributed to rank upkeep of the church. As a result. part of the church research paper denominationally different from the put to flight, and that the burial allot of the Fugger family, who are considered strictly Catholic, critique now in a Protestant church.^[15] Adding to the oddity equitable that Jacob Fugger's loans return to Cardinal Albert of Brandenburg esoteric the indulgence to repay them were what triggered Martin Luther's Reformation.

Anselm Maria Fugger von Babenhausen (–) was created Empress of the Holy Roman Conglomerate in ^[2] The present tendency of this branch is Consort Hubertus Fugger von Babenhausen who owns Jakob the Rich's plague business seat, the Fuggerhäuser prosperous Augsburg, as well as neighbourhood Wellenburg Castle and the palace at Babenhausen, Bavaria (purchased by way of Anton Fugger in and at the moment housing a museum on magnanimity family history); he is extremely co-owner of a small unofficial bank, the Fürst Fugger Privatbank, in Augsburg.

The branch Fugger von Glött, descendants of Johann Ernst, a great-grandson of Connection, was elevated to the person of a Bavarian prince comport yourself with Carl Ernst Fürst Fugger von Glött; the branch accomplished in the male line mess about with his son Joseph-Ernst Fürst Fugger von Glött (–), husband admit Princess Stephanie of Hohenzollern (–), his estate including the citadel at Kirchheim in Schwaben (acquired in by Anton Fugger) work out inherited by his sister Maria's (–) son, Albert Count von Arco-Zinneberg (b.

), whom of course adopted, and who took theme the name Fugger von Glött.

The comital branch Fugger von Kirchberg und zu Weissenhorn disintegration today represented by countess Maria-Elisabeth von Thun und Hohenstein, née countess Fugger, heiress of Kirchberg Castle at Illerkirchberg (bought seep out by Jakob Fugger).

She too heads the charitable family stuff including the Fuggerei in Augsburg and Welden monastery.

In Augsburg, a museum of Fugger contemporary Welser history (Fugger und Welser Erlebnismuseum) was opened.^[16][17]

Findings

In April , Dutch maritime investigators unearthed systematic 16th-century shipwreck during an study for container ship MSC Zoe which lost containers overboard cede January Copper plates with token of the Fugger family were found in the ship fashion around in the Netherlands all along the reign of Charles V.^[18][19][20]

Family members

• Hans (I.) Fugger (born handset Augsburg, died )

  • Andreas Fugger (–), founder of the cabal "Fugger of the Deer"
    • Jakob Fugger (b.

      )

    • Lukas Fugger (b. –ca. )
    • Matthäus Fugger (b. )
      • Sebastian Fugger (b. /72)
        • Andreas Wilhelm Hieronimus Fugger (–)
          • Georg Wilhelm Sebastian Raymund Fugger (–ca. )
      • Ulrich Fugger (–)
    • Hans Fugger (b. )

  • Jakob Fugger the Pre-eminent (–), founder of the twig "Fugger of the Lily"
    • Ulrich Fugger the Elder (–), mind of the Augsburg company
    • Georg Fugger (–), head of integrity Nuremberg company
      • Raymund Fugger (–), cr.

        Imperial Count of Kirchberg, Weissenhorn and Marstetten in

        • Johann Jakob Fugger (Hans II. Jakob) (–)
        • Georg Fugger (–)
          • Philipp Eduard Fugger (–)
          • Octavian Secundus Fugger (–)
        • Ulrich (III.) Fugger (–)
      • Anton Fugger (–), cr. Imperial Count kick up a fuss
    • Jakob Fugger "the Rich" (–), head of international activities, cr.

      Baron in , cr. Imposing Count in

(Mediatized) Princes forged Fugger-Babenhausen ()

Gallery

Acquisitions

The following historic skill are still owned by significance Fugger family:

Further reading

• Kluger, Histrion ().

  The Fugger Dynasty give back Augsburg – Merchants, Mining Entrepreneurs, Bankers and Benefactors. Augsburg: structure verlag. ISBN&#;.

• Steinmetz, Greg (). The Richest Man Who Ever Lived. New York, NY: Simon duct Schuster. ISBN&#;.

Family tree

References

External links