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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 ...
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.
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.
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 ...
The new Pope Leo X was no stranger to Michelangelo, being no other than his old schoolmate Giovanni di Lorenzo de' Medici, the second son of Lorenzo the Magnificent. Since Leo was a Medici, one of the projects that naturally occurred to him was the decoration of the unfinished front of his family's church, San Lorenzo, in Florence. [8]
By Joseph Ax, Rich McKay and Brad Brooks. NEW YORK (Reuters) - In the days since Luigi Mangione was charged with murder for gunning down a top health insurance executive, more than a thousand ...
A window which had been boarded closed for the Conclave was opened, and Cardinal Alessandro Farnese (future Pope Paul III), who was now senior Cardinal Deacon in place of Medici, announced the election of Medici by his chosen papal name, Leo X. [23] Since Medici had only been ordained a deacon, it was necessary for him to be ordained a priest ...