Jakob fugger family today
- •
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, equivalent to 2% of the GDP of Europe at that time.[a][1][2]
The found
- •
By Jacob Streider
2001/09 - Beard Books
1587981092 - Paperback - Reprint - 255 pp.
US$34.95
The story of the Fugger family and the mighty business house they built in the fifteenth and sixteenth century in Germany.
Publisher Comments
This fascinating biography of Jacob Fugger, the great German merchant and banker of the late fifteenth and early sixteenth century, is also an economic history of the golden age in German commercial history. Jacob Fugger was the embodiment of early capitalism. The Fugger family capitalized on family partnerships which led to joint stock companies and finally to the corporation. This book is recommended reading in many business courses.
From Turnarounds and Workouts, May 15, 2002
Review by Gail Owens Hoelscher:
Quick, can you work out how much $75 million in sixteenth century dollars would be worth today? Well, move over Croesus, Gates, Rockefeller, and Getty, because that's what Jacob Fugger was worth.
Jacob Fugger was the chief embodiment of early German ca
- •
Greg Steinmetz is a journalist with a passion for the past, whose recent work The Richest Man Who Ever Lived, focuses on the influential and bold (but not particularly likeable) sixteenth-century German banker Jakob Fugger (1459-1525). Although less well-known, Fugger’s impact on contemporary politics and business practices during the Renaissance was arguably as great as any shaped by members of the Medici, de Rothschild, or Rockefeller families. Steinmetz argues that Fugger “changed history because he lived in an age when, for the first time, money made all the difference in war and, hence, politics” (xiv). Specifically, Fugger’s banking and mining prosperity, which Steinmetz calculates amounted to nearly 2 percent of European economic output by 1520s, empowered him to elevate the political fortunes of early Hapsburgs – raising their level of influence to that of French and English royalty.
For some time now, professional historians have been engaged in the challenge of trying to reach a wider public audience. Most recently, the call was made by Bill Cronon at his AHA Presiden
Copyright ©bandtide.pages.dev 2025