Azcárraga was born in 1832, in Manila in the Spanish East Indies, to General José de Azcárraga y Ugarte, a native of Vizcaya, Spain, a bookshop owner in Escolta, Manila, and to María Palmero Versosa, a Mestiza from Albay.
Education
General José Azcárraga had many sons and daughters. Azcárraga was the second of the family's children. He studied law in the Royal University of Santo Tomas in Manila then entered the Nautical School or Escuela Náutica de Manila where he was awarded the first prize in mathematics.
Military service
He was sent to Spain by his father to enter the military academy and soon earned the rank of Captain in three years. Due to his services against the O'Donnell revolution in Spain, he was promoted to Major.
Military awards
At the age of 23, he was awarded Spain's highest military award for gallantry the Cross of San Fernando, which is a pension grant.
Afterward, he returned to Cuba and married one of the daughters of the wealthy Fesser family, owner and founder of Banco y Casa de Seguros Fesser, one of the biggest banks of Cuba, who allegedly gave him £20,000 on the day of his marriage. He was the husband of Margarita Fesser y Diago, a daughter of Edward also known as Don Eduardo Fesser y Kirchnair of the United States and Micaela Diago y Tato of Havana. They owned the Almacenes de Regla and Banco de Comercio and all the rail lines between Regla and Matanzas, then known as the Ferrocaril de la Bahia de la Habana. Almacenes de Regla, founded in 1843 with initial capital of 150,000 Cuban pesos, was so large that it stored half of all of Cuba's sugar production, and by 1853, had increased its original capital tenfold. His children were Carlos Azcarraga y Fesser; Margarita de Azcárraga y Fesser de Trenor Palavicino, the first Marquise of Turia; María Azcárraga y Fesser; José María Azcarraga y Fesser and Carmen Azcarraga y Fesser. His direct descendant includes Don Tomas Trenor Puig of Valencia and Madrid, the fourth Marquis of Turia.
On his retirement at the age of 72, he was given the Toison de Oro, or Order of the Golden Fleece, the highest possible distinction given to a person in Spain, for his tirelessly defending the Spanish Monarchy and for keeping Spain in relative peace. Earlier, he received the Cross of San Fernando which already entitled him to a pension. Don Marcelo Azcárraga died in Madrid.
Ancestry
On his mother's side, Azcárraga descends from the Spanish Filipino Lizarraga family, heirs of the fallen Conde de Lizarraga. His maternal uncles' families, collectively known as the "Palmero brothers" or "Hermanos Palmero" were active in Philippine politics before World War II. He was also an uncle to the self-styled Conde de Albay, also known as Señor Pedro Govantes.
Tribute
The major road stretching from the districts of Tondo to San Miguel, both in the city of Manila was named after Azcárraga. However, it was changed after Filipino independence in 1945 to Claro M. Recto Avenue, after politician Claro M. Recto. A few of the older Manila residents still call this road "Calle Azcárraga" or "Paseo de Azcárraga".
