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 magnate, diplomat, politician and patron of scholars, artists, and poets. He is perhaps best known for his contribution to the art world, sponsoring artists such as Botticelli and Michelangelo. His life coincided with the mature phase of Italian Renaissance and his death coincided with the end of the Golden Age of Florence.