His father Ilija (Elijah) Bunić served as ambassador of the Republic of Dubrovnik to the Vatican and to Ferdinand I, King of Naples.
His boyhood days he spent mostly in Dubrovnik, where he acquired his first education, and then continued his studies in Padua (Padova) and Bologna in Italy.
[3] A significant part of his lifetime Bunić spent trading in Europe and the Near East, mostly in Egypt, dealing with carpets and jewels.
As a young poet (around 1490) Bunić wrote an epic poem called "The kidnapping of Cerberus" (Latin: De raptu Cerberi).
He worked as a municipality lawyer, state appraiser of the value of goods, then served as the Rector of Ston and Šipan, member of the Minor Council etc.