Jacob fugger biography

Augsburg based family of European bankers

"Fugger" redirects here.

jacob fugger biography4

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 European 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.

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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 The Richest Man Who Ever Lived: The Life and Times of Jacob ... VEC