http://www.freerepublic.com/focus/f-chat/3879646/posts
When Jakob Fugger died on 30 December 1525, he bequeathed the company to his nephews, leaving them with the assets worth 2,032,652 guilders - a study done in 2016 estimates that the current value of that fortune would be around $400 billion US, or 350 billion euros. The Fugger family has carried on, with several branches still existing - some are nobility, others own business, and a few castles are still under their ownership.
Fugger created a fortune that, by his death in 1525, equaled "just under 2 percent of European economic output." No other man, no Vanderbilt or Gates, has controlled that pivotal a fortune.
He was the first documented millionaire, and the first businessman to compile a comprehensive financial statement for his business. He also created the world's first news service, as a way to ensure he had important information before his rivals, a half-century before the advent of the newspaper.
He funded the appointments of kings and popes then backed their wars, and took the Habsburg family from royalty's second tier to a dynasty that would lord over Europe for hundreds of years.
Bunch of Fuggers... How dare Trump try to cut into their game.
fuggerget about it. Ha.