No, he did not. His family was not extremely wealthy, and he was orphaned at the age of eight.
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Medici Family
The Medici family was the great patron of renaissance artists.
Family of Saltimbanques (La famille de saltimbanques) is a 1905 painting by Pablo Picasso
Well, the Renaissance movement in general was started in Italy, by many famous artists in the 15th-16th century. Cities would hire and/or support these artists. After the Renaissance movement started in Italy, many other European countries started to follow it, which led to more artistic and cultural improvements, aswell as an increase in the number of known artists.
The Medici family were dominant in Florence from the 15th century up to the 18th century.