Lorenzo de' Medici (1 January 1449 – 9 April 1492) was an Italian statesman and de facto ruler of the Florentine Republic during the Italian Renaissance. Known as Lorenzo the Magnificent (Lorenzo il Magnifico) by contemporary Florentines, he was a diplomat, politician and patron of scholars, artists, and poets. Perhaps what he is most known for is his contribution to the art world, giving large amounts of money to artists so they could create master works of art. His life coincided with the high point of the mature phase Italian Renaissance and his death coincided with the end of the Golden Age of Florence. The fragile peace he helped maintain between the various Italian states collapsed with his death. Lorenzo de' Medici is buried in the Medici Chapel in Florence.
Source: Wikipedia, "Lorenzo de\' Medici", available under the CC-BY-SA License.