By the time he died, his fortune amounted to nearly two percent of European GDP. Not even John D. Rockefeller had that kind of wealth. Most people become rich by spotting opportunities, pioneering new technologies, or besting opponents in negotiations. Fugger did all that, but he had an extra quality that allowed him to rise even higher: nerve. In an era when kings had unlimited power, Fugger had the nerve to stare down heads of state and ask them to pay back their loans--with interest. It was this coolness and self-assurance, along with his inexhaustible ambition, that made him not only the richest man ever, but a force of history as well. Before Fugger came along it was illegal under church law to charge interest on loans, but he got the Pope to change that. He also helped trigger the Reformation and likely funded Magellan's circumnavigation of the globe. His creation of a news service, which gave him an information edge over his rivals and customers, earned Fugger a footnote in the history of journalism. And he took Austria's Habsburg family from being second-tier sovereigns to rulers of the first empire where the sun never set.The ultimate untold story, The Richest Man Who Ever Lived is more than a tale about the richest and most influential businessman of all time. It is a story about palace intrigue, knights in battle, family tragedy and triumph, and a violent clash between the 1 percent and everybody else. To understand our financial system and how we got it, it pays to understand Jacob Fugger.

    In this sweeping chronicle, historical figures and major campaigns such as Charlemagne, the Magyars, and the Crusades are presented not as icons but as a living part of their times, with all their achievements and human failures. Santosuosso asserts that war, for most of the Middle Ages, was carried out for God, personal gain, and honor. Both Christians and Muslims often explained their acts of violence in war as the will of God. Besides the religious motivation, soldiers, if upper class, believed that acts of bravery were a necessary aspect of gaining honor in society. Finally, war constituted a way to make material gains in a period of chronic underemployment and low prosperity. Particular emphasis is given to massive transitions from one period to the next in the medieval era. The author explains how these changes reflected an environment where charismatic leaders, the Church, and the aristocracy played leading roles as "managers" of the art and practice of war and normally as main actors on the battlefield.