Friday, July 24, 2026

The secret of wealth: the secret of the rich


youTo learn more about Fugger’s secrets, it is worth starting with Andrea Irmler. When asked about possibly the most famous businessman in German history, Jakob Fugger (1459-1525), the 55-year-old nanny’s eyes lit up. His company’s records shortly before Jakob Fugger’s death showed a surplus of 2.1 million Dutch guilders. Historians believe that it is not feasible to convert it to today’s amount, but they agree: this is an astronomical figure. His contemporaries already knew why they gave Jakob Fugger the nickname “Rich Man”. In the 16th century, he was considered the richest entrepreneur in Europe and even the richest man in the world.

Dennis Kramer

Editor of the “Money & More” section of the Frankfurter Allgemeine Zeitung.

At first glance, it is not obvious why today’s nanny should praise the rich and rich of the past. But Andrea Irmler did exactly this: “Take Jakob Fugger’s helpfulness as an example.” She prays three prayers in Fugger’s name every day-our father, the creed and the Virgin. There is a good reason for this: Irmler lives in Fuggerei, a residential area with 8 alleys, 7 gates and its own church, located in Augsburg-Jakob Fugger (Jakob Fugger) This city was the center of his trade empire. He was also the one who gave birth to the Fugger and Fugger Family Foundation. It will celebrate its 500th anniversary next Monday. Which housing estate can claim?Bavaria even became prime minister on the anniversary Marcus Soder look in.



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