He was too ambitious, however, and went bankrupt. Andreas's son, Lukas Fugger, was granted arms by the Emperor Frederick III, a golden deer on a blue background, and he was soon nicknamed "the Fugger of the Deer". The Fugger family itemized and inventoried a large number of Asian rugs, an unusual undertaking at the time. His eldest son, Andreas Fugger, was a merchant in the weaving trade, and was nicknamed "Fugger the Rich" after buying land and other properties. He added the business of a merchant to that of a weaver. ![]() He joined the weaver's guild, and by 1396, he was ranked high in the list of taxpayers. After Klara's death, he married Elizabeth Gattermann. He married Klara Widolf and became an Augsburg citizen. The last name was originally spelled "Fucker" – the first recorded reference to the family comes when Johann's son, also named Johann (or Hans), moveds to Augsburg in 1367, with the local tax register laconically noting Fucker advenit, "Fugger has arrived". The founder of the family was Hans Fugger, a weaver at Graben, near the Swabian Free City of Augsburg. The Babenhausen branch became Princes of the Holy Roman Empire in 1803, while the Glött branch of the family became Princes in Bavaria in 1914. ![]() While the company was dissolved in 1657, the Fuggers remained wealthy landowners and ruled the County of Kirchberg and Weissenhorn. 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. Jakob Fugger "the Rich" was elevated to the nobility of the Holy Roman Empire in May 1511 and assumed the title Imperial Count of Kirchberg and Weissenhorn in 1514. Unlike the citizenry of their hometown and most other trading patricians of German free imperial cities, such as the Tuchers, they never converted to Lutheranism, as presented in the Augsburg Confession, but rather remained with the Roman Catholic Church and thus close to the Habsburg emperors. They were closely affiliated with the House of Habsburg whose rise to world power they financed. The Fuggers took over many of the Medicis' assets and their political power and influence. This banking family replaced the Medici family, who influenced all of Europe during the Renaissance. ![]() The Fuggers held a near monopoly on the European copper market. Alongside the Welser family, the Fugger family controlled much of the European economy in the sixteenth century and accumulated enormous wealth. The House of Fugger ( German pronunciation: ) is a German family that was historically a prominent group of European bankers, members of the fifteenth- and sixteenth-century mercantile patriciate of Augsburg, international mercantile bankers, and venture capitalists.
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