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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.
If the Medici family and its bank had not been politically overthrown in 1494, it would probably have failed shortly thereafter in a long-delayed bankruptcy. Another factor in the decline of the Medici bank were the spending habits of the Medici. According to Lorenzo, between 1434 and 1471, the family spent an average of 17,467 gold florins a year.
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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Lorenzo the Elder (12 October 1394 [1] – 23 September 1440) was an Italian banker of the House of Medici of Florence, the younger brother of Cosimo de' Medici the Elder and progenitor of the so-called "Popolani" ("populist, i.e. for the people") line of the family, named for a later generation whose members were supporters of the Florentine political activist Girolamo Savonarola.
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