The Richest Man Who Ever Lived

Posted on 21 December 2017 by Greg Steinmetz

The life and times of the wealthiest man who ever lived Jacob Fugger, the Renaissance banker who revolutionized the art of making money and established the radical idea of pursuing wealth for its own sake.Jacob Fugger lived in Germany at the turn of the sixteenth century, the grandson of a peasant By the time he died, his fortune amounted to nearly two percent of European GDP Not even John D Rockefeller had that kind of wealth Most people become rich by spotting opportunities, pioneering new technologies, or besting opponents in negotiations Fugger did all that, but he had an extra quality that allowed him to rise even higher nerve In an era when kings had unlimited power, Fugger had the nerve to stare down heads of state and ask them to pay back their loans with interest It was this coolness and self assurance, along with his inexhaustible ambition, that made him not only the richest man ever, but a force of history as well Before Fugger came along it was illegal under church law to charge interest on loans, but he got the Pope to change that He also helped trigger the Reformation and likely funded Magellan s circumnavigation of the globe His creation of a news service, which gave him an information edge over his rivalsand customers, earned Fugger a footnote in the history of journalism And he took Austria s Habsburg family from being second tier sovereigns to rulers of the first empire where the sun never set.The ultimate untold story, The Richest Man Who Ever Lived is than a tale about the richest and most influential businessman of all time It is a story about palace intrigue, knights in battle, family tragedy and triumph, and a violent clash between the 1 percent and everybody else To understand our financial system and how we got it, it pays to understand Jacob Fugger. Free Download The Richest Man Who Ever Lived [ author ] Greg Steinmetz [ Kindle ePUB or eBook ] – kino-fada.fr This book is a biography of Jacob Fugger, a rich German banker business man, who lived from 1459 1525 The title s reference to the richest man ever is justified by his net worth at the time of his death that equaled two percent of the total gross domestic product GDP of all the European countries at that time i.e relative wealth Jacob Fugger came from an already wealthy family involved in the cloth trade In 1487 his older brothers were wealthy enough to make their first loan to Arch This book is a biography of Jacob Fugger, a rich German banker business man, who lived from 1459 1525 The title s reference to the richest man ever is justified by his net worth at the time of his death that equaled two percent of the total gross domestic product GDP of all the European countries at that time i.e relative wealth Jacob Fugger came from an already wealthy family involved in the cloth trade In 1487 his older brothers were wealthy enough to make their first loan to Archduke Sigismund and took as security an interest in silver and copper mines in the Tirol They sent their younger brother Jacob to the area to see what could be done with the mines He successfully increased the efficiency of mining operations and later expanded operations to copper mines in Upper Hungaria modern Slovakia...Sober, unexceptional, biography of what is believed to be the world s first millionaire i.e., wealth reckoned in seven digits during his lifetime and on his death Fugger rhymes with Cougar had stones, big ones, but also after training in Venice was the first banking house north of the Alps to employ double entry booking, and invented consolidated accounts He used his stones to acquire actual stones silver, diamonds...The Richest Man In The World is pop history, designed to appeal to modern readers by putting a modern gloss on a medieval man As to its central figure, the German banker Jacob Fugger, it may get the core of his story right Or it may not, because in much of its ancillary history, it is grossly inaccurate to the degree it makes the reader uncertain what in the core story is actually accurate.The core of the story is that Fugger was both one of the first semi modern bankers and also a key playe The Richest Man In The World is pop history, designed to appeal to modern readers by putting a modern gloss on a medieval man As to its central figure, the German banker Jacob Fugger, it may get the core of his story right Or it may not, because in much of its ancillary history, it is grossly inaccurate to the degree it makes the reader uncertain what in the core story is actually accurate.The core of the story is that Fugger was both one of the first semi modern bankers and also a key player in much of the political activity of the early Renaissance, in particular in the Holy Roman Empire, in particular Germany Fugger played a key role in the career of the Hapsburg Maximilian I, in both his election as Holy Roman Emperor and in enabling him to ...Kniha o loveku, po ktorom sa aj u n s vol ve a ul c a v eli oho Okrem jeho osobnej biznis story, ktor je, ako sa vrav , pektakul rna, je to celkom dob preh ad toho, o sa dialo v z padnej Eur pe pred bitkou pri Moh i Pre n s, ktor sme zvyknut na dejepis v zmysle kto v etko sa na n s kedy vyka al a zradil n s , je to celkom obohacuj ce, preto e ani v z padnej Eur pe sa vtedy ozaj nenudili a zachra ovenie udov ta pred Sulejmanom bolo z r znych d vodov nie plne najaktu lnej ie A napo Kniha o loveku, po ktorom sa aj u n s vol ve a ul c a v eli oho Okrem jeho osobnej biznis story, ktor je, ako sa vrav , pektakul rna, je to celkom dob preh ad toho, o sa dialo v z padnej Eur pe pred bitkou pri Moh i Pre n s, ktor sme zvyknut na dejepis v zmysle kto v etko sa na n s kedy vyka al a zradil n s , je to celkom obohacuj ce, preto e ani v z padnej Eur pe sa vtedy ozaj nenudili a zachra ovenie udov ta pred Sulejmanom ...Jacob Flugger got a concession to mines in the 1500s in return for loaning the King money to raise an army, and from that point Flugger created a fortune by doing a couple of things 1 He used Kings to whom he loaned money as networking tools to increase his fortune.2 He manipulated those Kings and other powerful people who were slow to repay to increase his fortune.3 He used the influence of people to whom he had loaned money to change laws and policies as a means to increase his fortune.4 H Jacob Flugger got a concession to mines in the 1500s in return for loaning the King money to raise an army, and from that point Flugger created a fortune by doing a couple of things 1 He used Kings to whom he loaned money as networking tools to increase his fortune.2 He manipulated those Kings and other powerful people who were slow to repay to increase his fortune.3 He used the influence of people to whom he had loaned money to change laws and policies as a means to increase his fortune.4 He lived by the mantra that a deal was a deal and there was no relationship or power or interest that did not benefit him that caused him to show leniency in getting what was owed him.5 He helped kings and warriors raise armies by lending them money, and expected to be rewarded when conquests were accomplished.6 If your...This is a terrible book.I wasn t expecting a defence of usury, but really, Steinmetz thinks that Fugger s greatest achievement is making usury acceptable He thinks that most of the other things Fugger did have been buried in time, which is bizarre to me Fugger enabled the Austro Hungarian Empire, may have financed Magellan, and kept South Germany Catholic But the Austro Hungarian Empire isn t there anyand Steinmetz is a financial journalist well Good things about this book it s int This is a terrible book.I wasn t expecting a defence of usury, but really, Steinmetz thinks that Fugger s greatest achievement is making usury acceptable He thinks that most of the other things Fugger did have been buried in time, which is bizarre to me Fugger enabled the Austro ...I had such high hopes for this book I mean, a biography of Jacob Fugger Who wouldn t be excited But the narrative could have used a lotclarity and streamlining and I found the whole thing to be a pretty superficial treatment I would have liked to knowabout the fin...The book is a little dry, given the difficulty of getting source material, but it s ultimately an interesting view of a man at a unique time and place in history.In his book The Richest Man Who Ever Lived Greg Steinmetz makes it apparently clear that to become rich one has to manipulate the system Five centuries ago, Europe emerging from the Dark Ages gave birth to the concept of capitalism The merchant class financed and ran empires even the Papacy which led to the Reformation and birth of Protestants.Jacob Fugger, the cloth merchant turned money lender turned banker is the first recorded millionaire in the world When he joined the family firm In his book The Richest Man Who Ever Lived Greg Steinmetz makes it apparently clear that to become rich one has to manipulate the system Five centuries ago, ...For people who like reading about history and industry giants, will like reading about this giant of German capitalism Jacob Fugger, who seems something like the John D Rockefeller of fifteenth century Germany Like the later John D Rockerfuller and and many other business leaders he combined industry innovations with ruthless and some would some highly corrupt business practices His innovations included the first world news services which allowed him to get information to ahead of his comp For people who like reading about history and industry giants, will like reading about this giant of German capitalism Jacob Fugger, who seems...

English
21 December 2017

Greg Steinmetz