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amount spent on patronage

1471

Lorenzo de' Medici calculates that since 1434, his family has spent some 663,000 florins (approx. 460 million USD today) on charity, buildings and taxes. He writes,

I do not regret this for though many would consider it better to have a part of that sum in their purse, I consider it to have been a great honour to our state, and I think the money was well-expended and I am well-pleased.

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