Jakob Fugger's father was Hans Fugger. Hans came from
Graben to the free city of Augsburg as a Landweber in 1367. On his death in 1408, through hard work and consecutive marriages to two industrious and well-off women, Hans left his family an on-going business and a large fortune. His widow Elisabeth Fugger-Gfattermann continued running the weaving and textile-trading side of the business until her own death in 1436. Her leadership was aided by Hans (initially) and by her sons
Andreas Fugger and Jakob (both apprenticed gold-workers). During the first three decades of the 15th century, the business thrived and the family amassed a considerable fortune. On his mother's death, Andreas assumed leadership of the lucrative, but still low-level, business. After splitting up the family business in 1454, Jakob started operating on his own. By 1461, Jakob was one of the twelve richest citizens of Augsburg. ==Marriage and issue==