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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]
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Lorenzo was born in Florence on 12 September 1492, a son of Piero di Lorenzo de' Medici and Alfonsina Orsini. [2] His paternal grandparents were Lorenzo the Magnificent and Clarice Orsini . [ 2 ] His maternal grandparents were Roberto Orsini , Count of Tagliacozzo and his wife, Catherine of San Severino .
The first de facto Lord (Italian: Signore) in the history of the Republic of Florence was Cosimo de' Medici.Thanks to his moderate policy, Cosimo managed to maintain power for over thirty years until his death, ruling the state silently through his trusted men and thus allowing the consolidation of his family, the Medici, in the government of Florence.
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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.
Lorenzo de' Medici, wearing a tunic with a collar and ermine sleeves, is represented seated, in profile, with a distant gaze, his face slightly bent, giving him more the attitude of a thinker or a philosopher than of a political leader. Lorenzo is surrounded by various ancient objects bearing sentences in Latin.
Image credits: Photoglob Zürich "The product name Kodachrome resurfaced in the 1930s with a three-color chromogenic process, a variant that we still use today," Osterman continues.