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Lorenzo's grandfather, Cosimo de' Medici, was the first member of the Medici family to lead the Republic of Florence and run the Medici Bank simultaneously. As one of the wealthiest men in Europe, the elder Cosimo spent a very large portion of his fortune on government and philanthropy, for example as a patron of the arts and financier of public works. [7]
The Medici Chapels (Italian: Cappelle medicee) are two chapels built between the 16th and 17th centuries as an extension to the Basilica of San Lorenzo, in the Italian city of Florence. They are the Sagrestia Nuova ('New Sacristy'), designed by Michelangelo , and the larger Cappella dei Principi ('Chapel of the Princes'), a collaboration ...
The House of Medici (English: / ˈ m ɛ d ɪ tʃ i / MED-itch-ee, UK also / m ə ˈ d iː tʃ i / mə-DEE-chee; [4] Italian: [ˈmɛːditʃi]) was an Italian banking family and political dynasty that first consolidated power in the Republic of Florence under Cosimo de' Medici and his grandson Lorenzo "the Magnificent" during the first half of the 15th century.
Exterior view. The death of two scions of the Medici family, Giuliano de' Medici, Duke of Nemours (in 1516), and Lorenzo de' Medici, Duke of Urbino (in 1519), had deeply embittered Pope Leo X, the brother of Giuliano and uncle of Lorenzo, who wanted to ensure that they obtained a princely burial.
A factor was dispatched to Venice to seek out investment opportunities. He did well and on March 25, 1402, the third branch of the Medici bank was opened. It suffered from some initial mismanagement (by the factor who had previously done so well—he made the fatal mistake of violating the partnership agreement and loaning money to Germans; on a more humane note, he would eventually become a ...
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Medici (1488–1495) Ginevra de' Medici m. Giovanni degli Albizzi: Ippolito de' Medici (1511–1535) Cardinal) Pierfrancesco de' Medici (the Younger) (1487–1525) m. Maria Soderini: Laudomia de' Medici m. Francesco Salviati: Vincenzo de' Medici: Lorenzo de' Medici: Giovanni Salviati (1490–1553) Cardinal: Lorenzo Salviati (1492–1539 ...
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