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Tides of History

Encore: Jakob Fugger: The Richest Man Who Ever Lived?

Tides of History

Wondery / Patrick Wyman

Documentary, Society & Culture, History

4.86.3K Ratings

🗓️ 10 July 2025

⏱️ 58 minutes

🧾️ Download transcript

Summary

At the end of the fifteenth century, the center of European banking suddenly swung from its birthplace in Italy to south Germany. The key figure in that transition was Jakob Fugger of Augsburg, maybe the richest man who ever lived.

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Transcript

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0:00.0

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0:04.6

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0:14.6

Droplets of rain began to fall from the low clouds that hung over the alpine valley.

0:25.1

Jagged ridge lines hugged the edges, almost invisible behind the steel gray sky and the falling rain.

0:32.1

A cobbled road cut through the valley, then headed up, up, up over a ridge, into the clouds, and over a pass that

0:40.0

led down into the next glen. Curses and shouts and bellowing oxen broke through the crashing

0:46.1

ring. A heavy wagon blocked the road as it switched back and forth across the ridge,

0:51.4

its wheel cracked into by the rough terrain. A group of men struggled

0:55.8

to lift the wagon just enough to pull off the damaged wheel. Rain soaked through their heavy

1:01.0

woolen cloaks. I see wind cut them to the bow. Their muscles ached from the strain of shifting

1:07.4

hundreds of pounds of smelted silver, the load that had so overburdened the

1:11.7

wagon and its poor oxen. This was one of a half-dozen wagons in the train, all of them,

1:17.9

just as weighed down with silver. The men cursed one name as they struggled and strained.

1:24.7

Jacob Fugger, the owner of the silver and their employer.

1:28.7

Jacob Fugger, merchant of Augsburg, trader and banker.

1:32.7

Jacob Fugger the rich, the wealthiest man in Europe, creditor to emperors and popes.

1:38.7

Jacob Fugger, financier of wars and voyages of exploration.

1:43.2

Jacob Fugger, home safe in his counting house while these carters suffered to get his goods

1:47.8

to market.

1:49.1

They spat at every mention of Jacob Fugger's name.

1:53.0

From his home in Augsburg, Fugger's reach went everywhere.

1:56.7

Southwest to Lisbon and Madrid, north to Lubeck and Antwerp, east to the mines of Hungary,

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