German banker and a member of the Fugger family.
Fugger was born on 6 March 1459 in the Swabian town of Augsburg in the Holy Roman Empire. He was the son of Jakob Fugger the Elder, a weaver and councilman in Augsburg. A trader like his brothers, he learned double-entry bookkeeping in Venice. Inheriting his father's business of trading, Fugger expanded the family enterprise to the Adriatic Sea via the port of Venice. He married Sibylla Artzt in 1498, but they had no children.
At his death on 30 December 1525 Jacob Fugger bequeathed to his nephew Anton Fugger company assets totaling 2,032,652 guilders. He is considered to be one of the richest persons of all time.
The long-dead Jacob Fugger was distantly related to Wilhelm Fugger, who bears a strong family resemblance to his paternal ancestors and even possessing a painting of Jacob by Albrecht Durer in his Ausburghome.