Wealthy Facts About Lorenzo de’ Medici, Florence’s Fruitful Funder

Wealthy Facts About Lorenzo de’ Medici, Florence’s Fruitful Funder

A Patron, Though Not A Saint

Lorenzo the Magnificent was a powerful statesman in Renaissance-era Florence. An enthusiastic patron of the arts, his money funded some of the best-known art of the era. But behind his generous and cultured façade lurked a cunning political and diplomatic mind…

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1. He Had A Silver Spoon

Lorenzo di Piero de' Medici was born on New Years Day, 1449, into the powerful Medici family of the Republic of Florence. Lorenzo was set up from birth: the Medicis were a Florentine dynasty, a politically influential family with vast sums of wealth accumulated from generations of banking. And it was Lorenzo who would keep an old family tradition alive.

Lorenzo de Medici facts Wikipedia

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2. His Lineage Inspired Him

Lorenzo’s adult life would greatly resemble that of his grandfather, Cosimo de’ Medici. Cosimo was a titanic figure, the first Medici to lead the Republic of Florence and his family’s bank at the same time, and one of the wealthiest men in all of Europe. He was a philanthropist too, spending great deals of his vast fortune on funding the arts and financing public works. He set the precedent for Medicis to come.

Lorenzo de' Medici, il Magnifico, 1449-1492, c. 1485/1500. Artist Unknown. (Photo by Heritage Art/Heritage Images via Getty Images)Heritage Images, Getty Images

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3. His Parents Were Culture Vultures

Lorenzo’s father, Piero, would continue the tradition set by his father and fund many artistic projects himself. An enthusiastic collector of art in his own right, Piero showed less interest than his father (or son) in running the family’s business affairs, instead leaving that to his brother, Giovanni.

Lorenzo’s mother, Lucrezia Tornabuoni, was a talented and intelligent woman who wrote sonnets and rubbed elbows with philosophers in the local Academy. Most of the family weren’t difficult to look at either.

Niccolo Machiavelli FactsWikimedia Commons

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4. He Came From A Family Of Models

Of the many Renaissance artists under the Medicis’ patronage, one of the best known was Botticelli. But it was not just the family’s money that made some of these works of art possible.

Indeed, Botticelli found inspiration in the Medicis’ looks too, using them as models for many of his paintings. Lorenzo, along with other members of his family, posed for masterpieces like Madonna of the Magnificat and The Adoration of the Magi. But the young man appeared in fewer paintings than the rest of the family…

File:401 Lorenzo de Medici 05.JPGGiorgio Vasari, Wikimedia Commons

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5. He Was A Bit Of An Uggo

Unfortunately for Lorenzo, in comparison to the rest of his family, he was no looker. Described as “plain of appearance”, Lorenzo was homely with a squashed nose. He was of average height with a broad frame and short legs. He even sounded less than beautiful, with his voice described as harsh. And he may have looked worse next to his brother.

File:Sebastiano del Piombo (Italian) - Pope Clement VII - Google Art Project.jpgSebastiano del Piombo, Wikimedia Commons

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6. His Brother Was Better Looking

Lorenzo’s brother, Giuliano, lived on the other end of the looks spectrum. Dashingly handsome and regarded as the family’s “golden boy”, Giuliano modelled for Botticelli much more frequently than his brother, most notably as the smoking hot Mars in Botticelli’s painting Venus and Mars

But Lorenzo had other qualities his brother lacked.

File:Pope Clement VII.JPGSebastiano del Piombo, Wikimedia Commons

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7. He Had Smarts

Despite his plain appearance, Lorenzo had other talents, notably his great mind. When described by a close friend, in contrast to his homely looks, the friend noted that Mother Nature “acted as a loving mother in all things concocted with the mind.” And along with his smarts, people seemed to like the kid too.

File:Lorenzo de' Medici-ritratto.jpgGirolamo Macchietti, Wikimedia Commons

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8. He Had A Quiet Dignity

Lorenzo did not seem to lament his lack of good looks at all. Though he was not handsome, his face, dark of complexion, had a reputation for being “full of dignity”, and the young man compelled respect in whomever he conversed with. Perhaps this was why his parents had such faith in him.

File:Fatih Sultan Mehmed Han - السلطان محمد خان الفاتح.jpgKonstantin Kapidagli, Wikimedia Commons

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9. He Was The Favorite

Though Lorenzo was one of five Medici children born to Piero and Lucrezia, he seemed to be the one the family had most faith in. Considered the most promising of the children to continue the family’s great legacy, his parents set to work nurturing his aptitudes and skills.

File:Giuliano de' Medici by Sandro Botticelli.jpegSandro Botticelli, Wikimedia Commons

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10. He Had The Best Teachers

Lorenzo’s family knew that their son’s talents needed cultivation by the best of the best, and the boy had many notable tutors throughout his childhood. Chief among these were bishop Gentile de’ Becchi, a well-respected Florentine diplomat, and Marsilio Ficino, a pioneering humanist philosopher. The Medicis did not limit Lorenzo’s learning to his native tongue either.

Lorenzo de Medici factsWikipedia

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11. He Could Read The Classics

During the Renaissance, there was an explosive revival of the classics of Greek and Roman art and literature, and the young Lorenzo had an enthusiastic interest. Such was his passion that he even trained in Greek with the influential Renaissance scholar, John Argyropoulos. But his talents didn’t stop there.

Lorenzo de Medici factsWikipedia

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12. He Was A Busy Boy

But it was not all work, no play for young Lorenzo. The boy had a large variety of hobbies and interests in his youth, further proving that looks weren’t everything. Lorenzo tried his hand at hawking, hunting, horse breeding, and jousting. This last one, he had a particular affinity for.

File:Lorenzo de' Medici Rubens.jpgPeter Paul Rubens, Wikimedia Commons

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13. He Was A Talented Jouster

Jousting was among Lorenzo’s most favored passions, and his talents reflected his dedication. In 1469, the Medici family sponsored a grand jousting tournament. Displaying his relentless ambition, Lorenzo entered the tournament and, aged just 20 years old, emerged the victor, finishing in first place among all participants. It was a great story, and it got the press it deserved.

File:Ritratto di Lorenzo de' Medici detto il Magnifico - Macchietti Girolamo.jpgMacchietti Girolamo, Wikimedia Commons

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14. They Immortalized Him In Prose

Lorenzo’s victory in the tournament at such a young age attracted much attention from storytellers of the era. His grand performance was the subject of a poem by notable Renaissance poet Luigi Pulci, and the occasion was even chronicled by Machiavelli himself. 

Lorenzo’s family quickly seized on his relative fame.

Lorenzo de Medici factsWikipedia

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15. He Got To Work Early

As mentioned, Lorenzo’s parents saw their son’s potential early, and his father quickly put him to use representing the family’s interests. While still in his youth, Lorenzo embarked on a variety of important diplomatic missions, meeting many important religious and political figures of the era, including a trip to Rome to converse with the Pope. Destined for leadership, all he needed was a partner by his side.

File:Lucrezia Tornabuoni A27994.jpgAttributed to Domenico Ghirlandaio, Wikimedia Commons

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16. He Had A Big Family

On February 7, 1469, Lorenzo married Clarice Orsini. The Orsinis were a great Roman noble family, and the marriage was a diplomatic one. The couple would go on to have a whopping ten children, though, tragically, only six would survive to adulthood. The family would later gain one more member after further tragedy.

File:Mamluk Sultan Kayitbay by Florentine painter Cristofano dell'Altissimo Galleria degli Uffizi.jpgFlorentine painter Cristofano dell'Altissimo, 16th century, Wikimedia Commons

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17. He Raised A Future Pope

Lorenzo and Clarice would later add one more to their household. After the untimely demise of Lorenzo’s brother Giuliano (more on that later), the couple would adopt his son, and Lorenzo’s nephew, Giulio. Notably, Giulio would later ascend to the papacy as Pope Clement VII in 1523. Perhaps he picked up some leadership tips from his stepfather.

File:Ghirlandaio a-pucci-lorenzo-de-medici-f-sassetti 1.jpgDomenico Ghirlandaio, Wikimedia Commons

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18. He Took Power Young

After a youth groomed for power, Lorenzo finally got his shot in 1469. Upon the demise of his uncle, and then his father, the young Lorenzo assumed a leading role in the Florentine state at just 20 years old. Having just won the jousting tournament, it was a big year for the young man, and he would need sound advisors.

File:Catherine de Médicis vers 1547-1559.jpgAttributed to Germain Le Mannier, Wikimedia Commons

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19. He Took His Mother’s Counsel

With his father and uncle, the previous stewards of the Medici family bank, now gone, Lorenzo found himself without any Medici elders to advise his leadership. Perhaps showing his progressive attitude relative to the prevailing norms of the area, Lorenzo enlisted the help of his mother, Lucrezia, who became one of his closest counsels. The two proceeded to play the game of Florentine politics.

File:Bust of Lorenzo de' Medici-Bode museum- Berlin.jpgYair Haklai, Wikimedia Commons

20. He Pulled The Strings

It should be noted that the Medici’s were not the official rulers of Florence, but their vast wealth put them in a powerful position to influence the city state’s politics, making them de facto rulers. Lorenzo, like his grandfather and father before him, ruled indirectly through payoffs to city counsellors, convincing them to be his surrogates, and arranging strategic marriages that would shore up his family’s position. But while his money did a lot of talking, it helped with something else too.

File:The Birthday of Plato Celebrated in the Villa di Careggi by Lorenzo the Magnificent.jpgLuigi Mussini, Wikimedia Commons

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21. He Invested In His City

Lorenzo continued his family’s legacy of philanthropy, donating vast sums of money to charity, constantly paying his fair share of taxes, and investing in many Florentine buildings. In 1471, he estimated that his family had spent about 663,000 florins on public goods since 1434, the equivalent of about US$460 million in today’s money.

Lorenzo was more than happy to do this, writing “though many would consider it better to have a part of that sum in their purse, I consider it to have been a great honor to our state, and I think the money was well-expended and I am well-pleased.” But not everyone was as enthusiastic about his influence.

Circa 1470, Lorenzo di Medici, 'Il Magnifico' (The Magnificent) (1448 - 1492), and his retinue travel through a forest. Painting by Benozzo Gozzoli. (Photo by Hulton Archive/Getty Images)Hulton Archive, Getty Images

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22. His Family Had Their Detractors

Because of the Medicis’ unmatched dominance over Florentine life and politics, many rival families grew resentful of them. Indeed, many of them posed great threats to Lorenzo’s rule throughout his life, with the Pazzi family being the greatest and most dangerous of these enemies. They began to plot, while Lorenzo continued to make a name for himself.

File:Michelangelo Daniele da Volterra (dettaglio).jpgAttributed to Daniele da Volterra, Wikimedia Commons

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23. He Got An Immortal Nickname

Lorenzo’s stature continued to rise among Florentine society. Few were unaware of the influence he had, and despite the jealousy of rival families, most held him in high regard. He received the nickname “Lorenzo the Magnificent”, cementing his place as a Florentine great. He made sure to lift others up too.

File:Pedro Berruguete, Portrait of Pope Sixtus IV della Rovere (early 1500s), Cleveland Museum of Art.jpgPedro Berruguete, Wikimedia Commons

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24. He Funded The Renaissance

Contributing to his enduring legacy, Lorenzo became one of the foremost and most powerful patrons of the arts in all of Italy. The vast sums of money he put towards the arts would inspire many other wealthy Europeans to do the same, spurring on the Renaissance, particularly in Italy. 

And his patronage list was as impressive as his wealth.

File:Bust of Giuliano de' Medici by Matteo del Pollaiolo-Bargello.jpgYair Haklai, Wikimedia Commons

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25. He Funded The Greats

Lorenzo’s court of artists that he sponsored was a who’s who of Renaissance greats. Among them were painters like Piero, Antonio del Pollaiuolo, Andrea del Verrocchio, and Domenico Ghirlandaio. He even continued to sponsor Botticelli; there were clearly no hard feelings for using his brother as a model more often. But one of Lorenzo’s artists rose high above any of the others.

File:Titian - Sixtus IV - Uffizi.jpgTitian / After Melozzo da Forli, Wikimedia Commons

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26. He Dined With A Big One

Arguably the biggest artist under Lorenzo’s patronage was none other than Michelangelo. But Lorenzo was not a mere funder of the great sculptor/painter’s work. Michelangelo had actually lived with the Medici family for three years, often dining with them and participating in philosophical discussions with Lorenzo and his tutor, Ficino. But there was another artist knocking about the Medici court who would make something of a name for himself too…

File:Ferdinando I Napoli.JPGanonymous , Wikimedia Commons

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27. He Helped Another Upstart Along

Lorenzo’s court was home to many young artists just getting their start as well. There was one young man whom Lorenzo did help get off the ground in the art world (though would not play much of a part in the most significant epoch of his career, later) and that was a man named Leonardo da Vinci. With all these greats around, it was inevitable that some of their talent would rub off on Lorenzo.

File:La Muta di Raffaello Sanzio, 1507, 1.JPGRaphael, Wikimedia Commons

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28. He Was A Creative In His Own Right

Lorenzo was not just a patron and banker; he was an artist in his own right, and his preferred medium was the written verse. He wrote many poems in his native Tuscan language, his verses celebrating life while acknowledging the melancholy of the human condition. He also wrote much about love and feasts. Lorenzo’s adoration of the written word influenced his philanthropy too.

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29. He Grew His Collection

Lorenzo’s grandfather had been an enthusiastic collector of literature, and the books he accumulated became the Medici Library. Lorenzo greatly expanded this library during his reign, with his agents retrieving many classical works from the East. He also funded the copying and dissemination of many of his collected books throughout Europe. His desire to spread knowledge reflected his broader philosophical outlook.

File:Biblioteca medicea laurenziana interno 01.JPGsailko, Wikimedia Commons

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30. He Spread Humanism

Due to the influence of his tutor, Ficino, Lorenzo became a passionate proponent of the philosophy of humanism, a stance that emphasized individual and societal potential, and a precursor to the Enlightenment. Lorenzo supported his close circle of scholarly humanist philosophers and assisted them in attempting to merge the ideas of Plato with Christianity. 

This ruffled the feathers of the Church’s most powerful.

File:Angel Appearing to Zacharias (detail) - 1486-90.JPGDomenico Ghirlandaio, Wikimedia Commons

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31. He Clashed With The Pope

At the time of Lorenzo’s leadership, Italy was broken up into several city states as a result of a treaty known as the Italic League of 1454. However, Pope Sixtus IV, the leader of the Catholic Church, had greater territorial ambitions and plotted against the Medici family with the help of their rivals, the Pazzis. It would end in tragedy for Lorenzo and those closest to him.

File:Pedro Berruguete, Portrait of Pope Sixtus IV della Rovere (early 1500s), Cleveland Museum of Art.jpgPedro Berruguete, Wikimedia Commons

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32. He Came Under Attack

On April 26, 1478, the Pazzi conspiracy, in collusion with the Pope, reached its climax. In the Cathedral of Santa Maria del Fiore, Lorenzo and his brother Giuliano, got attacked by a trio of men that included Francesco de' Pazzi and the archbishop of Pisa. The men got the better of Giuliano and he was brutally knifed to death. Lorenzo was a little luckier.

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33. He Got Away

Present also at the attack were the poet, Poliziano, and another banker, Francesco Nori. The two men jumped valiantly to the defense of Lorenzo, allowing him time to escape with only a minor neck wound. Tragically, Nori would not survive the encounter. 

Word of the incident spread quickly.

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34. The Masses Rallied

The Florentine populace, generally fond of the Medici family, fumed at news of the conspiracy. Independent of any instruction from the Medicis, the populace rallied to the family’s defense, lynching many members of the Pazzi family as well as the archbishop of Pisa. The Pope’s plan had failed, and he was furious.

File:Medici family (Bronzino atelier).jpgWorkshop of Bronzino, Wikimedia Commons

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35. He Got Excommunicated

Not only had Lorenzo survived, but the Medicis now found themselves in a stronger position. Pope Sixtus IV, livid at this turn of events, set the Church’s sights on the Florentine rulers. The Holy See seized all Medici assets it could locate, excommunicated Lorenzo and the government of Florence, and put the entire city-state under interdict, prohibiting them from partaking in Church rites. 

Lorenzo, however, was unfazed by it all.

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36. He Faced Invasion

The Pope’s maneuvers had little effect on the standing of Lorenzo and the broadly popular Medici family, so Sixtus turned to Plan B. Forming a military alliance with King Ferdinand I of Naples, the pair launched an invasion of the Florentine Republic, led by the King’s son, Alfonso. 

Lorenzo did not have much experience in warfare, so he had to shift the game to suit his own skills.

File:Alfonso II di Napoli.jpgBeaest, Wikimedia Commons

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37. He Went Into The Belly Of The Beast

At first, Lorenzo attempted to rally the Florentine citizens against the invading forces. But the Medicis received little support from their allies in Bologna and Milan, and the war continued in a deadlock. Lorenzo needed to change tact.

A master of diplomacy, the Medici ruler travelled personally to the enemy’s stronghold in Naples where he willingly became a prisoner of the King. Over several months, however, Lorenzo convinced the King to end the invasion, ultimately resolving the crisis. He came out of the enemy prison stronger than he had entered it.

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38. He Came Out On Top

Speaking to his unmatched skill as a diplomat, this entire ordeal actually strengthened Lorenzo’s position in Florence. As a result of his success, Lorenzo was able to negotiate constitutional changes within the Florentine Republic government that served to enhance his own personal power. He did not take his secure position for granted.

File:Portrait of Lorenzo de' Medici il Vecchio.jpgAlessandro Allori, Wikimedia Commons

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39. He Kept The Peace

Following the invasion, Lorenzo grew determined to institute peace in his corner of Europe. He pursued policies that balanced the power between the northern Italian states while at the same time keeping other major European powers out of Italy. He maintained good relations with the Ottoman Empire too, a major source of trade for Florence and the Medicis. 

But the good times would not last.

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40. His Luck Ran Out

When Lorenzo took power, his family’s assets had already been under strain from the many ambitious building projects undertaken by his grandfather. That wealth only dwindled further during Lorenzo’s tenure. Mismanagement, costly wars, political expenses, and a series of bad loans caused the Medici’s financial standing to collapse, forcing them to close several branches of the family bank. Desperate times called for desperate measures.

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41. He Took The Last Resort

Lorenzo’s financial difficulties were too much for the struggling leader to bear, and he only had one place to turn. In an attempt to keep his head above water financially, Lorenzo misappropriated trust and state funds.

His efforts would prove largely unsuccessful and, as the Medicis’ influence finally dwindled in Florence, the influence of friar Girolamo Savonarola rose to take their place. Ironically, Lorenzo had played a role in bringing Savonarola to Florence in the first place. 

And as his power waned, so too did his health.

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42. He Departed Young

Lorenzo’s health deteriorated until finally, on April 8, 1492, he succumbed to his ailments at the devastatingly young age of 43. His rival, Savonarola, visited him on his deathbed, with rumors that the friar damned the ailing banker. Whether this happened or not, there were other strange happenings reported concurrent with his passing.

File:Portrait of Lorenzo de' Medici, the Magnificent (1449–1492), by Giorgio Vasari - Uffizi Gallery.jpgGiorgio Vasari, Wikimedia Commons

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43. Nature Marked His Passing

There have been numerous reports of alleged signs and portents occurring at the moment of Lorenzo’s passing. One account claims that the dome of the Florence Cathedral was struck by lightning; another reports the appearance of ghosts; another still reports fighting amongst the lions kept at a nearby menagerie. 

All of these were mysterious happenings, though none more mysterious to Lorenzo’s family than the circumstances of his passing.

File:Florence Cathedral (Duomo).jpgKevin Poh, Wikimedia Commons

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44. He Received A Contemporary Diagnosis

Medical practitioners of the time were baffled as to the cause of Lorenzo’s illness and demise, but modern medical researchers have a theory. His reported symptoms, as well as later analysis of Lorenzo’s skeleton, suggested the excessive excretion of a growth hormone, in line with a rare disorder known as acromegaly.

Lorenzo’s last days were likely very uncomfortable, so his family ensured his resting place would not be.

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45. He Rests In The Family Plot

Lorenzo was buried with his brother, Giuliano, in the family tomb in the Basilica of San Lorenzo, which was later expanded with several structures that made up the Medici Chapels. After an accomplished life of politics and patronage, the later Medicis felt his place of rest was worthy of a marker of the Renaissance.

File:Basilica di san lorenzo 33.JPGsailko, Wikimedia Commons

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46. He Lies Under A Michelangelo

Several decades after his passing, Lorenzo’s descendants decided to move his and his brother’s bodies to a new tomb (within the same Basilica) a little more fitting of their lives of patronage. To this day, above the Florentine leader’s final resting place, stands Michelangelo's statue of the Madonna. But if Lorenzo found peace in the afterlife, he certainly did not leave it behind in this one.

File:Tomb of Lorenzo de' Medici (casting in Pushkin museum) by shakko 05.jpgshakko, Wikimedia Commons

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47. A Country Felt His Loss

Despite the tumultuous final years of his life from a financial perspective, Lorenzo had remained a steadfast diplomat to the very end. He had negotiated, supported, and held up the Peace of Lodi of 1454, a treaty which had maintained stability in Italy. But upon his passing, that peace quickly collapsed. Lorenzo’s steady hand was missed, and his reputation reflected as much.

File:Lodi targa Pace di Lodi.JPGArbalete, Wikimedia Commons

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48. He Is Fondly Remembered

For all his troubles, Lorenzo’s reputation as a ruler has remained a positive one. He has been fictionalized in TV shows and even video games, and portrayals have been largely favorable. He may seem especially accomplished compared to his successor.

Assassin's Creed II - Lorenzo de' MediciAssassin's Creed II - Lorenzo de' Medici, Sevvina

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49. His Son Was A Failure

Lorenzo was succeeded by his son Piero, whose name that he was later given tells you everything you need to know about his stint in power: Piero the Unfortunate. Far from his father’s “Magnificence”, Piero squandered all the money he inherited from Lorenzo and managed to bring down the Medici dynasty entirely in Florence. A monumental fumble, Lorenzo, had he been alive, would be grateful his other son was around to salvage some of his legacy.

File:501 Piero de Medici 02.JPGGherardo di Giovanni del Fora, Wikimedia Commons

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50. His Other Son Succeeded

Luckily for the Medicis, Lorenzo had a second son, Giovanni, who would succeed in retaking Florence in 1512 with the help of a Spanish army. However, it wasn’t quite for the side Lorenzo would have chosen: the following year, Giovanni would become Pope Leo X, securing Florence as territory for the Church. It looks like Lorenzo passed his genes to the wrong team.

File:Raffaello, ritratto di papa leone X tra i cardinali luigi de' rossi e giulio de' medici, 1518, 03.jpgFrancesco Bini, Wikimedia Commons

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You May Also Like:

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Sources:  1234567891011


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