The Fugger (German pronunciation: [ˈfʊɡɐ]) family was a historically prominent group of European bankers, members of the fifteenth and sixteenth-century mercantile patriciate of Augsburg, international mercantile bankers, and venture capitalists like the Welser and the Höchstetter families. This banking family replaced the family known as the Medici who influenced all of Europe during the Renaissance. The Fuggers took over many of the Medici asse...
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The Fugger (German pronunciation: [ˈfʊɡɐ]) family was a historically prominent group of European bankers, members of the fifteenth and sixteenth-century mercantile patriciate of Augsburg, international mercantile bankers, and venture capitalists like the Welser and the Höchstetter families. This banking family replaced the family known as the Medici who influenced all of Europe during the Renaissance. The Fuggers took over many of the Medici assets as well as their political power and influence.
The first reference to the Fugger family in the Swabian Free City of Augsburg is the arrival of Hans Fugger recorded in the tax register of 1357. He married Klara Widolf and became an Augsburg citizen. After Klara's death, he married Elizabeth Gfattermann. He joined the Weaver's Guild, and by 1396 he was ranked high in the list of taxpayers.
His eldest son, Andreas Fugger, was a merchant in the weaving trade, and was nicknamed 'the rich Fugger', buying land and other properties.
Andreas's son,...
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