TheHouse of Fugger (German pronunciation:[ˈfʊɡɐ]) is a German family that was historically a prominent group of Europeanbankers, members of the fifteenth- and sixteenth-century mercantilepatriciate ofAugsburg, international mercantile bankers, and venture capitalists. Alongside theWelser family, the Fugger family controlled much of theEuropean economy in the sixteenth century and accumulated enormous wealth. The Fuggers held a nearmonopoly on the Europeancopper market.
County of Kirchberg and Weissenhorn
Grafschaft Kirchberg und Weißenhorn
1507–1806
Coat of arms
Map ofWürttemberg before theFrench Revolutionary Wars, showing the County of Fugger, with theDanube shown running through the centre of the image and theIller forming the border between Württemberger lands (coloured) andBavarian lands (non-coloured)
This banking family replaced theMedici family who influenced all of Europe during theRenaissance. The Fuggers took over many of the Medicis' assets and their political power and influence. They were closely affiliated with theHouse of Habsburg whose rise to world power they financed. Unlike the citizenry of their hometown and most other trading patricians of Germanfree imperial cities, such as theTuchers, they never converted toLutheranism, as presented in theAugsburg Confession, but rather remained with theRoman Catholic Church and thus close to the Habsburg emperors.[1]
Jakob Fugger"the Rich" was elevated to the nobility of theHoly Roman Empire in May 1511 and assumed the titleImperial Count ofKirchberg andWeissenhorn in 1514. Today, he is considered to be one of the wealthiest people ever to have lived, with a GDP-adjusted net worth of over $400 billion, and approximately 2% of the entire GDP of Europe at the time. While the company was dissolved in 1657, the Fuggers remained wealthy landowners and ruled the County of Kirchberg and Weissenhorn. TheBabenhausen branch becamePrinces of the Holy Roman Empire in 1803, while theGlött branch of the family becamePrinces inBavaria in 1914.
The founder of the family was Hans Fugger, a weaver atGraben, near theSwabianFree City ofAugsburg.[2] The last name was originally spelled "Fucker" – the first recorded reference to the family comes when Johann's son, also named Johann (or Hans), moved to Augsburg in 1367, with the localtax register laconically notingFucker advenit, "Fugger has arrived".[3][4] He married Klara Widolf and became an Augsburg citizen. After Klara's death, he married Elizabeth Gattermann. He joined the weaver's guild, and by 1396, he was ranked high in the list of taxpayers. He added the business of a merchant to that of a weaver.[2]
His eldest son,Andreas Fugger, was a merchant in the weaving trade, and was nicknamed "Fugger the Rich"[5] after buying land and other properties. The Fugger family itemized and inventoried a large number of Asian rugs, an unusual undertaking at the time.[6] Andreas's son,Lukas Fugger, was granted arms by the EmperorFrederick III, agolden deer on a blue background, and he was soon nicknamed "the Fugger of the Deer".[2] He would eventually go bankrupt. His descendants served their cousins of the famous younger branch and later went to Silesia. Contemporary members of the Fugger of the Deer (German: Fugger vom Reh) are descendants of Matthäus Fugger (1442–1489/92).
Hans Fugger's younger son,Jakob the Elder, founded another branch of the family. This branch progressed more steadily and they became known as the "Fuggers of the Lily" after their chosen arms of a floweringlily on a gold and blue background. Jakob was a master weaver, a merchant, and analderman. He marriedBarbara Bäsinger, the daughter of a goldsmith. His fortune progressed, and by 1461, he was the twelfth richest man in Augsburg. He died in 1469.
Jakob's eldest son, Ulrich, took over the business on his father's death, and in 1473 he provided new suits of clothes to Frederick, his sonMaximilian I, and his suite on their journey toTrier to meetCharles the Bold ofBurgundy and thebetrothal of the young prince to Charles's daughter Maria. Thus began a very profitable relationship between the Fugger family and theHabsburgs.
With the help of their brother in Rome; Marx, Ulrich and his brother George handled remittances to thepapal court of monies for the sale ofindulgences and the procuring of Church benefices. From 1508 to 1515, they leased the Roman mint. Ulrich died in 1510.
When the Fuggers made their first loan to the ArchdukeSigismund in 1487, they took as security an interest in silver and copper mines in theTyrol. This was the beginning of an extensive family involvement in mining and precious metals.[7] The Fuggers also participated in mining operations inSilesia, and owned copper mines inHungary. Their trade in spices, wool, and silk extended to almost all parts of Europe.[2]
Ulrich's youngest brotherJakob Fugger, born in 1459, was to become the most famous member of the dynasty. In 1498, he married Sibylla Artzt, Grand Burgheress to Augsburg, the daughter of an eminentGrand Burgher of Augsburg (German:Großbürger zu Augsburg). They had no children, but this marriage gave Jakob the opportunity to elevate to Grand Burgher of Augsburg and later allowed him to pursue a seat on the city council (Stadtrat) of Augsburg. He was elevated to the nobility of theHoly Roman Empire in May 1511, madeImperial Count in 1514, and in 1519, led a consortium of German and Italian businessmen that loanedCharles V 850,000florins (about 95,625oz(t) or 2974 kg of gold) to procure his election asHoly Roman Emperor overFrancis I of France.[8] The Fuggers' contribution was 543,000 florins.
In 1494, the Fuggers established their first public company. Jakob's aim was to establish a coppermonopoly by opening foundries inHohenkirchen andFuggerau (named for the family, inCarinthia) and by expanding the sales organization in Europe, especially theAntwerp agency. Jakob leased the copper mines inBesztercebánya in theKingdom of Hungary (todayBanská Bystrica,Slovakia) in 1495, eventually making them the greatest mining centre of the time.
At the height of his power Jakob Fugger was sharply criticized by his contemporaries, especially byUlrich von Hutten andMartin Luther, for sellingindulgences andbenefices and urging the Pope to rescind or amend the prohibition on thelevying of interest. The imperial fiscal and governmental authorities inNuremberg brought action against him and other merchants in an attempt to halt theirmonopolistic practices.
In 1511, Jakob deposited 15,000 florins as an endowment for somealmshouses. In 1514, he bought up part of Augsburg and in 1516 came to an agreement with the city that he would build and provide a number of almshouses for needy citizens. By 1523, 52 houses had been built, and theFuggerei had come into existence. It is still used today.[9]
Jakob died in 1525. He is considered to be one of the richest persons of all time,[10] and today he is well known as Jakob Fugger "the rich". At its peak his wealth is estimated to be 2% of Europe's GDP.[11]
10 ducats (1621) minted as circulating currency by the Fugger family[12]
Jakob's successor was his nephewAnton Fugger, son of his elder brother Georg. Anton was born in 1493, married Anna Rehlinger, and died in 1560.
In 1525, the Fuggers were granted the revenues from the Spanish orders of knighthood together with the profits from mercury and silver mines.[13] The formerly rich yield of the Tirolean and Hungarian mines decreased, but Anton established new trade ties withPeru andChile and started mining ventures inSweden andNorway. He was involved in theslave trade from Africa to America, but was more successful in the spice trade and the importation of Hungarian cattle. Eventually, he was forced to renounce theMaestrazgo lease after 1542 and to give up the silver mines ofGuadalcanal.
In 1530 and 1531 the Fuggers held exclusive rights to trade through thestrait of Magellan. While European trade with Asia through this route was thought to be possible, the Fuggers never developed this route.[14] Decades later theManila galleon would inaugurate trade with Asia across the Pacific with no Fugger involvement.[14]
After hard times under Anton's nephew and successorJohann Jakob, Anton's oldest son,Markus, carried on the business successfully, earning some 50,000,000ducats between 1563 and 1641 from the production of mercury atAlmadén alone, but the Fugger company was completely dissolved after theThirty Years' War when Leopold Fugger returned the mines in Tyrol to the Habsburgs in 1657.
The burial chapel of the Fuggers inSt. Anne's Church, Augsburg of 1509 is the earliest example ofRenaissance architecture in Germany with its memorial relief tablets in the style ofDürer in the choir of the church. It became the burial place of the three brothersJacob Fugger,Georg Fugger andUlrich Fugger the Elder and their two nephewsRaymund Fugger and Hieronymus Fugger (1499–1538). When St. Anne's Church became Protestant in 1548, the Fugger Chapel remained Catholic because the Fugger Foundation continued to look after it and contributed to the upkeep of the church. Hence. part of the church is denominationally different from the rest, and that the burial place of the Fugger family, who are considered strictly Catholic, is now in a Protestant church.[15] Adding to the oddity is that Jacob Fugger's loans to CardinalAlbert of Brandenburg and theindulgence to repay them werewhat triggered Martin Luther's Reformation.
Anselm Maria Fugger von Babenhausen (1766–1821) was createdPrince of the Holy Roman Empire in 1803.[2] The present head of this branch is Prince HubertusFugger von Babenhausen who owns Jakob the Rich's former business seat, theFuggerhäuser in Augsburg, as well as nearby Wellenburg Castle and the castle atBabenhausen, Bavaria (purchased by Anton Fugger in 1539 and today housing a museum on the family history); he is also co-owner of a small private bank, theFürst Fugger Privatbank, in Augsburg.
The branchFugger vonGlött, descendants of Johann Ernst, a great-grandson ofAnton, was elevated to the rank of a Bavarian prince in 1913 withCarl Ernst Fürst Fugger von Glött; the branch ended in the male line with his sonJoseph-Ernst Fürst Fugger von Glött (1895–1981), husband of Princess Stephanie of Hohenzollern (1895–1975), his estate including the castle atKirchheim in Schwaben (acquired in 1551 by Anton Fugger) being inherited by his sister Maria's (1894–1935) son, Albert Count vonArco-Zinneberg (b. 1932), whom he adopted, and who took on the name Fugger von Glött.
The comital branchFugger von Kirchberg und zu Weissenhorn is today represented by countess Maria-Elisabeth vonThun und Hohenstein, née countess Fugger, heiress of Kirchberg Castle atIllerkirchberg (bought in 1507 by Jakob Fugger). She also heads the charitable family foundations including theFuggerei in Augsburg andWelden monastery.
In Augsburg, a museum of Fugger andWelser history (Fugger und Welser Erlebnismuseum) was opened.[16][17]
In April 2019, Dutch maritime investigators unearthed a 16th-centuryshipwreck during an exploration for container shipMSC Zoe which lost containers overboard in January 2019. Copper plates with emblem of the Fugger family were found in the ship built around 1540 in theNetherlands during the reign ofCharles V.[18][19][20]
^S. Lott, Elizabeth (2019).The Holy Roman Empire: A Historical Encyclopedia [2 volumes]. ABC-CLIO. p. 293.ISBN9781440848568.... because even though Augsburg welcomed Protestants during and after the Reformation, the Fugger family remained Catholic.
^Mark Häberlein:The Fuggers of Augsburg: Pursuing Wealth and Honor in Renaissance Germany. (=Studies in early modern German history). University of Virginia Press, 2012,ISBN978-0-8139-3244-6, KapitelThe Fugger family in late medieval Augsburg
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.JPG)
Ulrich Fugger the Elder (1441–1510)
Georg Fugger (1453–1506)
Raymund Fugger (1489–1535)
Anton Fugger (1493–1560)
Hans (III.) Fugger (1531–1598)
Christoph Fugger, byChristoph Amberger, 1541
Fuggerei in Augsburg
The castle atBabenhausen, Bavaria
Wellenburg Castle in Augsburg
The castle atKirchheim in Schwaben
Kirchberg Castle atIllerkirchberg
