The master weaver Hans Fugger moves from the village of Graben to Augsburg. Note in the Augsburg tax register: »fucker advenit«, »Fugger has arrived«.
Election of Hans Fugger to the directorate of the weaver’s guild, thus granting him a seat in the city’s Grand Council.
Birth of Andreas Fugger.
Birth of Jakob Fugger the Elder.
Death of Hans Fugger.
beginning in 1409
Elisabeth Gfattermann and her sons manage and expand the business.
Marriage of Jakob Fugger the Elder to Barbara Bäsinger. The marriage produces seven sons, including the future benefactors Ulrich, Georg and Jakob.
Division of the business areas and subsequent division of the family branches into Fugger vom Reh (Andreas) and Fugger von der Lilie (Jakob the Elder).
beginning in 1462
Economic rise of the Fugger von der Lilie family; the family’s wealth doubles between 1472 and 1486.
Jakob Fugger the Elder moves from the weaver’s guild into the merchant’s guild. He has come to rank as the seventh-richest taxpayer in the city’s tax register.
Death of Jakob Fugger the Elder; the business is managed by his widow Barbara and his sons Ulrich, Georg and Jakob (Jakob the Rich).
First financial dealings with the Roman Curia.
Lily coat of arms is bestowed; the brothers are admitted into the merchant’s guild; Jakob Fugger is educated in Venice as a merchant. Factoring companies are established in Nuremberg and Venice.
Marriage of Ulrich Fugger to Veronika Imhof, daughter of a salt manufacturer’s guild master; the brothers also marry into the Augsburg upper class: in 1486, Georg marries Regina Imhof and in 1498 Jakob marries Sibylla Artzt. Alongside the increased social and political influence, the companies are strengthened economically with the addition of the dowries to their assets.
Participation in mining operations in Salzburg.
beginning in 1485
Participation in mining operations in Tyrol (Schwaz).
All silver manufacturing in Schwaz is handled by the Fugger firm.
beginning in ca. 1490
Commerce in copper and silver through a newly established factoring company in Innsbruck.
Loan to King Maximilian I; further financing of court affairs and military campaigns follow.
Maximilian I becomes king, the Fugger firm handles various financial affairs for him.
beginning in 1494
Development of business in Hungary with ore mining and trading on a large scale.
Death of Barbara Bäsinger, full control of the family’s assets is transferred to the sons Ulrich, Georg and Jakob.
Renewal of the articles of partnership. Participation in business activities is henceforth limited to male members of the family.
Entry into the spice trade with India.
Death of Georg Fugger.
Lease of the Roman mints; the Fuggers mint coins for the popes, with interruptions, until 1524.
Death of Ulrich Fugger, Jakob Fugger assumes sole responsibility for all business.
Jakob Fugger is raised to nobility.
Four nephews are accepted into the firm, as Jakob the Rich remained childless.
Plans are made for a charitable estate – what is now the Fuggerei.
Jakob Fugger is granted the title of Imperial Count.
beginning in 1516
Construction of the Fuggerei.
The Fugger family manages the collection of »Peter’s pence« for the Pope in order to build the new St. Peter’s Basilica in Rome; Martin Luther criticises the sale of indulgences related to this effort.
Death of Emperor Maximilian I, his grandson Karl is elected as the new emperor. Approximately two thirds of the election money used to secure the electors’ votes for Karl are loaned by Jakob Fugger.
Jakob commissions the foundation deed that includes the Fuggerei, the Fugger Chapel and the sermon endowment at St. Moritz.
In his will, Jakob Fugger names his nephew Anton as sole »disposer and chafferer«; his brother Raymund and cousin Hieronymus are to support and advise him.
Unrest in Hungary; rebellions by peasants in Swabia and miners in Tyrol.
beginning in 1525
Expansion of credit operations with Emperor Karl and lease of Spanish feudal estates, which included the cinnabar and quicksilver mines in Spanish Almadén.
Jakob Fugger the Rich dies on December 30th. In accordance with Jakob’s will, Anton Fugger becomes his successor.
The firm’s profit accounts show a growth of 927 percent in 17 years.
Purchase of further manorial estates.
Dispute between the Catholic Fuggers and the Zwinglians of the city; Anton Fugger retreats to his Weißenhorn estate and does not return until 1536.
Purchase of the Babenhausen estate.
Admission of the Fugger family into the Augsburg patriciate.
Historical peak of the Fugger firm’s assets. Borrowers include Emperor Karl V, King Henry VIII of England, Ferdinand I of Bohemia and the kings of Portugal and Denmark.
In the Schmalkaldic War, the Free Imperial City of Augsburg takes the Protestant side. As financier of the Catholic Emperor and a practicing Catholic himself, Anton Fugger moves the firm’s headquarters to Schwaz.
After the loss of the Schmalkaldic War, Augsburg has to ask Emperor Karl V for clemency. Anton Fugger assumes the role of negotiator. In Ulm, he voluntarily kneels before the Emperor and supports his home city with its contribution payments.
Anton Fugger establishes the Holz- und Blatternhaus Foundation (wood and smallpox house) and reorganises the existing foundations. With a legal decree, Anton limits succession to male descendants in order to secure wealth and properties in the long term. Daughters had the right to befitting endowments and commensurate dowries. The family’s estate is divided between Anton’s and Raymund’s lines.
The lease for the Slovakian mines is relinquished after profits from Hungarian trade become increasingly worse.
Anton Fugger gives up his share in Spanish commerce and plans the dissolution of the firm.
In his will, Anton Fugger tells his sons to travel and study foreign languages so that they might find »honourable positions« in the imperial or royal courts. Thus a new goal is named in addition to economic success: a noble way of life.
Purchase of the Kirchheim estate; in following years increasing reorganisation of the family’s wealth, including lands; ambitious marriage politics with relatives in the landed nobility.
First Spanish bankruptcy. The Fugger family’s large outstanding debts with the Spanish crown threaten the financial power of the Fugger firm.
Death of Anton Fugger. His nephew Hans Jakob and his son Marx take over management of the firm.
Hans Jakob is removed from the firm; other partners in the Raymund line have to be paid off. The firm’s assets are significantly reduced.
1568 to 1605
The »Zeitungen« (newspapers) created by Philipp Eduard and Octavian Secundus Fugger help to advance communications in Europe. Together with the Welsers, the brothers operate the so-called pepper trade with a subsidiary in Goa.
Land holdings are split between Marx, Hans and Jakob Fugger. Increased acquisition of land holdings, primarily in Swabia.
A statement of accounts shows a significant improvement of net assets; Marx Fugger’s consolidation measures and concentration on a small number of business areas proves successful.
Hans Fugger builds Schloss Kirchheim.
The Spanish crown declares a moratorium on all debt payments; losses from the long-standing leasing business in Spain.
Thirty Years’ War with devastating effects on the populace and the economy; the Fugger family withdraws from an increasing number of business areas. Otto Heinrich Fugger is governor of Augsburg in 1635/36.
Foundation of a second mercantile firm by Fugger family members with subsequent disputes.
End of leasing businesses in Spain.
Return of Tyrol mining holdings to the state; cessation of business operations.
The Fugger firm is dissolved. Members of the Fugger family have meanwhile found success as councillors, officers or in the clergy. In the following centuries, many Fuggers hold high offices at court or in the government. They are also heavily involved in patronage for music, art and literature and the conservation and maintenance of the family’s lands, castles and palaces.
Properties in Babenhausen, Boos and Ketterhausen are granted status of inherited holdings of imperial principalities, Anselm Maria Fugger is the first Prince of Babenhausen.
All of the Fugger family’s properties are mediatized to the Kingdom of Bavaria.
The Fugger von Glött family is granted hereditary princely rank by King Ludwig III of Bavaria.
“The Fuggerei is the oldest existing social housing complex in the world, a city within a city with 67 buildings and 142 residences as well as a church. Jakob Fugger founded in Fuggerei in his own and his brothers’ names in 1521.
Approximately 150 needy Augsburg citizens of the Catholic faith live here for an annual base rent of €0.88 and three daily prayers.”
His Serene Highness Hubertus Viktor, 8th Prince Fugger von Babenhausen (in 2004:)