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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]
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 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.
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 ...
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 ...
Piero di Lorenzo de' Medici (15 February 1472 – 28 December 1503), [1]: 7 called Piero the Fatuous or Piero the Unfortunate, was the lord of Florence from 1492 until his exile in 1494. [ 2 ] Early life
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 books II, III, and IV narrate the history before the Medici rise, while the last four speak of the fight for power that ended with the Medicean lordship. The eighth book closes with the death of Lorenzo il Magnifico, on 1492, with the end of the fragile peace that Lorenzo's politics of balance had carried.