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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.
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 ...
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 ...
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.
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]
Interior looking toward the high altar. The Basilica di San Lorenzo (Basilica of St. Lawrence) is one of the largest churches of Florence, Italy, situated at the centre of the main market district of the city, and it is the burial place of all the principal members of the Medici family from Cosimo il Vecchio to Cosimo III.
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.