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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.
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 was the eldest son of Lorenzo de' Medici (Lorenzo the Magnificent) and Clarice Orsini.He was raised alongside his younger brother Giovanni, who would go on to become Pope Leo X, and his cousin Giulio, who would later become Pope Clement VII.
Lorenzo de' Medici spent long periods at the Villa di Careggi. Gradually, Florence became surrounded by a collection of Medici villas, with others in more distant parts of the Grand Duchy of Tuscany. By the end of the 16th century, there were at least 16 major estates, with at least another 11 of secondary interest (mainly agricultural or owned ...
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 Pazzi conspiracy (Italian: Congiura dei Pazzi) was a failed plot by members of the Pazzi family and others to displace the Medici family as rulers of Renaissance Florence. On 26 April 1478 there was an attempt to assassinate Lorenzo de' Medici and his brother Giuliano. Lorenzo was wounded but survived; Giuliano was killed.