Lorenzo de' Medici (Italian pronunciation: [loˈrɛntso de ˈmɛːditʃi], 1 January 1449 – 8 April 1492) was an Italian statesman, de facto ruler of the Florentine Republic and the most powerful and enthusiastic patron of Renaissance culture in Italy. Also known as Lorenzo the Magnificent (Lorenzo il Magnifico [loˈrɛntso il maɲˈɲiːfiko]) by contemporary Florentines, he was a magnate, diplomat, politician and patron of scholars, artists and poets. As a patron, he is best known for his sponsorship of artists such as Botticelli and Michelangelo. He held the balance of power within the Italic League, an alliance of states that stabilized political conditions on the Italian peninsula for decades, and his life coincided with the mature phase of the Italian Renaissance and the Golden Age of Florence. The Peace of Lodi of 1454 that he helped maintain among the various Italian states collapsed with his death. He is buried in the Medici Chapel in Florence.
Youth
Lorenzo's grandfather, Cosimo de' Medici, was the first member of the Medici family to lead the Republic of Florence and run the Medici Bank simultaneously. As one of the wealthiest men in Europe, Cosimo spent a very large portion of his fortune on government and philanthropy, for example as a patron of the arts and financier of public works. Lorenzo's father, Piero di Cosimo de' Medici, was equally at the centre of Florentine civic life, chiefly as an art patron and collector, while Lorenzo's uncle, Giovanni di Cosimo de' Medici, took care of the family 's business interests. Lorenzo's mother, Lucrezia Tornabuoni, was a writer of sonnets and a friend to poets and philosophers of the Medici Academy.
