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A Great Modern Capitalist: Jakob Fugger

Agustín González Enciso ()
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Agustín González Enciso: University of Navarra

Chapter Chapter 4 in Companies and Entrepreneurs in the History of Spain, 2021, pp 49-64 from Palgrave Macmillan

Abstract: Abstract This chapter looks into the life of Jakob Fugger (1453–1525), a major German merchant and financier, epitome of the entrepreneur of early emerging capitalism. Stemming from a family of artisans and merchants, Jakob Fugger was the head of a dynasty of financiers who featured prominently in the economic life of Europe of those years. His life unfolded during a turbulent time for Europe, immersed in globalisation (the first round-the-world journey), the Reformation and financing of the election of the German Emperor. Fugger took a hands-on part in all these epoch-making events, through his business interests like mining, international trading and, above all, the financing of kings, popes and emperors. Some regard him as the world’s first millionaire, the richest of his time.

Keywords: Jakob Fugger; Entrepreneur; Merchant; Europe; Fifteenth and sixteenth centuries (search for similar items in EconPapers)
Date: 2021
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DOI: 10.1007/978-3-030-61318-1_4

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