The House of Fugger was a German banking and merchant family from Augsburg that rose to prominence in the fifteenth and sixteenth centuries, coming to control much of the European economy of its era and rivaling, then surpassing, the influence of the Medici family. Its most celebrated member, Jakob Fugger, called the Rich (1459-1525), built his fortune through banking, mining, and merchant trade in copper, spices, and indulgences, was elevated to nobility in 1511, and is regarded by some estimates as one of the wealthiest individuals in history, with a net worth equivalent to roughly two percent of the entire economic output of Europe at the time. The family, whose lands centered on the Danube and Iller rivers in what is now Bavaria and Wurttemberg, ruled the County of Kirchberg and Weissenhorn from 1507 to 1806 and dissolved their banking company in 1657, after which they remained prominent as landowners.
Facts
Founding YearYear the Fuggers established their first public company (the formal trading partnership); the family's presence in Augsburg predates this by over a century. Headquarters Classification
Institution Subtype Geography
Country or Jurisdiction Served Chronology
Dissolved Year In the Other Atlases
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Source Fugger family (Wikipedia)Lead paragraphQuote, Lead paragraph
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.
Sources
1. Fugger family (Wikipedia)
In Group: Medieval and Renaissance Banking Houses, LeadQuote, In Group: Medieval and Renaissance Banking Houses, Lead
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.
2. Wikipedia: Fugger
Wikimedia FoundationArticle body
In 1494, the Fuggers established their first public company.
Introduction
is a German family that was historically a prominent group of European bankers, members of the fifteenth- and sixteenth-century mercantile patriciate of Augsburg
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