The Fugger family built one of the great banking and merchant houses of Renaissance Europe from their base in Augsburg, rising to prominence under Jakob Fugger, born in 1459 and known as Jakob the Rich, who built the family's fortune on international banking and a near monopoly on European copper trading, alongside major Tyrolean silver and Hungarian copper mining interests. The house financed the Habsburg dynasty, including the enormous bribes that secured Charles V's election as Holy Roman Emperor in 1519, making it one of the most politically influential banking houses of its age, comparable in Europe to the Medici Bank a century earlier.
Facts
Organization TypeFamily-owned banking and merchant house 1 HeadquartersAugsburg, Holy Roman Empire (present-day Germany) 1 IndustryInternational banking; copper and silver mining and trade, including a near monopoly on European copper 1 Disputed
FoundedDated to Jakob Fugger's rise to control of the family business and its Tyrolean silver and Hungarian copper mining interests in the late 1480s; the family's mercantile activity in Augsburg predates this by a generation. Connections
Associated With
In Era
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Comparable rival banking house of Renaissance Europe, a generation apart.
Additional Source WikipediaFugger, Jakob Fugger the Rich (comparison to the Medici)
Financed the Habsburg dynasty, including Charles V's election as Holy Roman Emperor in 1519.
Additional Source Jakob Fugger (Wikipedia)Jakob Fugger, Election of Charles V in 1519
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Sources
1. Wikipedia
WikipediaFugger, Jakob Fugger the Rich
Ulrich's youngest brother Jakob Fugger, born in 1459, was to become the most famous member of the dynasty.
History section
the Fugger company was completely dissolved after the Thirty Years' War, when Leopold Fugger returned the mines in Tyrol to the Habsburgs in 1657
In Era: The Renaissance, Fugger, era placement
Ulrich's youngest brother Jakob Fugger, born in 1459, was to become the most famous member of the dynasty.
Related To: Medici Bank, Fugger, Jakob Fugger the Rich (comparison to the Medici)
Ulrich's youngest brother Jakob Fugger, born in 1459, was to become the most famous member of the dynasty.
View the Source Jakob Fugger (Wikipedia)
Wikimedia FoundationJakob Fugger, Election of Charles V in 1519 (entity citation)
Fugger transferred the enormous sum of more than 850,000 guilders to the prince-electors which ultimately resulted in the unanimous election of Charles Holy Roman Emperor on 28 July 1519.
Related To: The Holy Roman Empire, Jakob Fugger, Election of Charles V in 1519
Fugger transferred the enormous sum of more than 850,000 guilders to the prince-electors which ultimately resulted in the unanimous election of Charles Holy Roman Emperor on 28 July 1519.
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