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. He was called Lorenzo the Magnificent ("Lorenzo il Magnifico") by Florentines. He was a diplomat, politician and patron of scholars, artists, and poets. He is probably best known for what he gave to the world of art. He gave large amounts of money to artists so that they could make very good artwork. When he died, the Golden Age of Florence ended. The peace he helped keep between the many Italian states collapsed when he died. Lorenzo de' Medici is buried in the Medici Chapel in Florence.