Hermann de Stern
Hermann de Stern | |
---|---|
Born |
1815 Frankfurt, Grand Duchy of Frankfurt |
Died |
October 20, 1887 71–72) London, U.K. | (aged
Occupation | Banker |
Net worth | £3,545,000[1] |
Children | Herbert Stern, 1st Baron Michelham |
Relatives |
David de Stern (brother) Sydney Stern, 1st Baron Wandsworth (nephew) David Lionel Goldsmid-Stern-Salomons (son-in-law) |
Baron Hermann de Stern (1815–1887) was a German-born British banker.
Early life
Hermann de Stern was born in 1815 in Frankfurt, Grand Duchy of Frankfurt.[2] He moved to London with his brother, David de Stern, in 1844.
Career
With his brother David, Hermann de Stern co-founded Stern Brothers, a financial institution based in London.[2] According to the Jewish Encyclopedia, "Baron de Stern was principally connected with Portuguese finance, but he was prominently concerned also in floating the Danubian 7-per-cent loan of 1864, the Spanish mortgage loan, and the Italian tobacco-monopoly loan."[2] Additionally, he served on the Board of Directors of the Imperial Bank, the Bank of Rumania, the London and San Francisco Bank, and the East London Waterworks Company.[2] He also served on the Board of Directors of the London Banking Association.[3]
De Stern received a title of baron from Portugal in 1869.[2]
Personal life
De Stern was the owner of the Strawberry Hill House from 1883 to 1887, but he never lived there.[4] He had a son, Herbert Stern, 1st Baron Michelham.
De Stern was associated with the Anglo-Jewish Association and of the Jews' Free School.[2]
Death
De Stern died on October 20, 1887 in London.[2] One of the wealthiest men of his time, he left an estate of £3,544,978 (equivalent to £2.38 billion in 2010).[1]
References
- 1 2 Rubinstein, William (2001). "Jewish top wealth-holders in Britain, 1809–1909". Jewish Historical Studies. 37: 135. Retrieved April 24, 2016 – via JSTOR. (registration required (help)).
- 1 2 3 4 5 6 7 Goodman Lipkind, Joseph Jacobs (1901–1906). "Stern, Hermann, Baron de". In Singer, Isidore; et al. Jewish Encyclopedia. New York: Funk & Wagnalls Company.
- ↑ Cottrell, Phillip (2002). Investment Banking in England 1856–1881. 2. London: Routledge. p. 495. ISBN 9780415530217. OCLC 838913141.
- ↑ "HERMANN DE STERN 1883-1887". Architectural Conservation Laboratory. University of Pennsylvania School of Design. Retrieved April 24, 2016.