why is lorenzo known as lorenzo the magnificent
Answers. 1  Lorenzo di Piero de' Medici (Florence, January 1, 1449 â 9 April 1492) was an Italian statesman and ruler of the Florentine Republic during the Italian Renaissance. Known as Lorenzo the Magnificent (Lorenzo il Magnifico) by contemporary Florentines, he was the most remarkable public figure of his time. Not only a wily diplomat and politician, he headed a brilliant group of scholars, artists, and poets and was accomplished in the manly arts of jousting and the hunt.