Exceptional however was the immense sums involved, mainly due to the keen competition among the princely candidates. He was the last Emperor to receive a papal coronation. Charles V, since his election reigning over a realm where the sun never set , was now deeply indebted to Jakob Fugger.
In the debts amounted to more than , guilders. The Emperor amortized , of this sum and in return granted the Fugger company the silver and copper mining operations of Tyrol. Jakob Fugger intervened and reminded the Emperor that "It is known that your imperial majesty could not have claimed the Roman crown without my help, The Fugger company was involved in the Spanish mining business up to the year Four years after the wedding, Jakob Fugger bought for his young wife 40, guilders worth of jewels from the treasure of Burgundy.
Jakob wanted to demonstrate that he was after all equal to the Habsburgs, at least financially. However the jewels were left in a chest in the basement of his house for fear of theft and envy. The couple had no children. Seven weeks after her husband died Sybille Arzt married a business partner of Jakob and converted to the Protestant faith. Jakob Fugger died on 30 December The inventory performed by his heirs revealed assets totaling 3,, guilders and liabilities amounting to , guilders resulting in a surplus of 2,, guilders.
Because he had no direct descendants, the company and its assets were bequeathed to his nephews Raymund and Anton Fugger , who also led the company. Anton managed to double the family's fortune once more by Fugger was a lifelong Roman Catholic. According to Stein,  Fugger insisted that only Catholic inhabitants should "find care and cure" in the Fuggerei.
As the Reformation progressed, the complex found itself located in an increasingly Protestant city of Augsburg. The Fugger family financed the rise to power of the House of Habsburg, who would play a prominent role in the Counterreformation. Together with his brother Ulrich and on behalf of his deceased brother Georg, Jakob Fugger founded the Fugger chapel in the Carmelite monastery's St.
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Anna church located in Augsburg. It also became the burial place of the three brothers. Construction began in and was finished in The chapel was modeled after Italian burial chapels with clear influences out of Venice and Rome, thereby becoming Germany's first renaissance construction. The church later became Protestant which is why only two other members of the Fugger family are buried there.
The building is thought to be built in preparation for Fugger's elevation into nobility and to distance himself from the local Patricians. Furthermore, it was a medium to preserve the name and memory of Fugger in the style of the Italian "Memoria" architecture. Builder of this Residence was most likely Hans Hiebe. The complex was expanded once more in to accommodate the receiving of illustrious guests. Later members of the Fugger family enlarged the complex several times.
The complex was mostly destroyed during air raids on Augsburg in World War II and rebuilt in a simplified way in The courtyards and several other rooms however are still in their original state. In Jakob Fugger advocated for an improved sermon in the church of his parish St. In Pope Leo X issued a papal bull granting Fugger and his heirs the Patronage to the church and being able to choose the priest.
The foundation still exists and the Fugger family still recommends the priest. Beginning in Jakob Fugger funded the construction of a settlement for craftsmen and day laborers in need. In 52 houses of the estate were built. It was first named Fuggerei in Originally it was meant to house people who were in a difficult situation through no fault of their own until they could establish stable household on their own. The yearly rent was one symbolic guilder, though additionally requested were three daily prayers in the name of Fugger and his family. The settlement was expanded several times, lastly in About people live in the Fuggerei today, still paying an annual rent of the equivalent of one guilder 0.
The Fuggerei is a major tourist attraction of Augsburg and since also houses a museum. The settlement is still administered by the descendants of the Fugger family and financed through a foundation originally from Jakob Fugger made several contributions to churches and monasteries in Augsburg some of which still show the Fugger coat of arms. Andreas vom Reh — From Wikipedia, the free encyclopedia. Jakob Fugger.
Main article: St. Anne's Church, Augsburg. Main article: Fuggerei. This section does not cite any sources. Please help improve this section by adding citations to reliable sources. Unsourced material may be challenged and removed. The Wall Street Journal. Retrieved 19 October The Richest man who ever lived: the life and times of Jakob Fugger. Simon and Schuster. Categories : s births s deaths Medieval German merchants births deaths People from Augsburg German bankers Members of the Fugger family History of Augsburg German Roman Catholics 15th-century German people 16th-century German businesspeople 15th-century merchants 16th-century merchants.
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