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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 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.
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
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.
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 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]
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.
There were four popes who were related to the Medici. [2] Pope Leo X (December 11, 1475 – December 1, 1521), born Giovanni de' Medici, was pope from 1513 to his death. [3] Pope Clement VII (May 26, 1478 – September 25, 1534), born Giulio di Giuliano de' Medici, was a cardinal from 1513 to 1523 and was pope from 1523 to 1534. [4]
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