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    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.

    Descendants of jacob fugger bill

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    • 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.

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    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, e