Siegfried was born Siegfried Tyron Fischbacher in Rosenheim on June 13, 1939, to Martin and Maria Fischbacher. His mother was a housewife, and his father was a professional painter who during World War II ended up as a prisoner of war in the Soviet Union. Fischbacher purchased a magic book as a child and began to practice illusions. He moved to Italy in 1956 and started work at a hotel.