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Something wrong?Jakob Fugger of the Lily, also known as Jakob Fugger the Rich or Jakob II, was a major German merchant, 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.
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Jakob Fugger, in Bundeswehr Military History Museum, Dresden
Coat of arms of the Fugger of the lily family, granted in 1473
Rich silver ore (argentite) from Banská Štiavnica mines
Emperor Maximilian I., Albrecht Dürer (1519)
10 ducats (1621), minted as circulating currency by the Fugger family
Augsburg, Nuremberg Chronicle (1493)
Swiss Guard, 2009Family
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Jakob Fugger of the Lily, also known as Jakob Fugger the Rich or Jakob II, was a major German merchant, 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. 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. American journalist Greg Steinmetz has estimated his overall wealth to be around 2% of the GDP of Europe at that time, the equivalent of around $400 billion adjusted to 2015.
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