TIMERIDEBlog
Rich, rich, Jakob Fugger!
Who is
the richest person in the world
? The
CEO
of
Tesla, Neurolink and Space-X Elon Musk
? The founder of the Online retailer Amazon Jeff Bezos? Or perhaps
Bernard Arnault
who owns the
luxury brands Dior, Louis Vuitton and Moët
belong to? Neither! Although these three
super rich
the
Forbes list
but there were wealthier businessmen before them. One of them: Jakob Fugger!
From Björn Breithor
on 09.04.2024
Source: www.wikipedia.org
What the Fuck (er)?!
Fucker! This was still the name of the Fuggers when they came to the city in 1367, which was later nicknamed “Fuggerstadt” should receive. In Augsburg, the family quickly made a name for itself in the textile trade, but the real rise was yet to come…
It must scale !
Jakob Fugger was born in 1459. After his training in Venice and Romehe took over the family business at the end of the century. His approach: investments in the mining business. First silver mines near Salzburg, then other metals throughout Europe. Jakob Fugger realized early on that business scale and he expand must. There were also other obvious Financial transactions.
Loans made by Jakob Fugger!
Jakob Fugger lent his money. And not just to companies, kings and emperors, no! Also to entire countries such as England, Portugal or Denmark – and even to the Pope himself! In the end, Jakob Fugger was so powerful that he even financed the election of Charles V as Holy Roman Emperor. Converted, his assets today would amount to around 350 billion euros. Jacob had thus clearly earned the nickname “the rich man”.
The end
Jakob Fugger died in 1525, but his legacy remained. Under his nephew Anton Fugger, the family’s power was initially maintained, but gradually structural changes were to diminish the family’s wealth and importance. Today, they no longer mix it up on the stage of the super rich and billionaires with. What remains of Jakob Fugger, however, is the Fuggerei. One of the oldest existing social housing estates in the world. Here the Monthly rent only one Rhenish guilder since time immemorial! This is currently a modest 88 cents. This is a Rental coverthat can be seen!
Björn Breithor
has first music production and then musicology with a focus on historical musicology studied in Cologne before moving into film and television. He worked here for many years as a screenwriter for a soap, before he developing his own series concepts and films. As a dramaturge and musician, he is particularly interested inn the emotions and structures behind things. History in particular provides more than enough fascinating examples of this.
