Hermann de Stern

Last updated • 1 min readFrom Wikipedia, The Free Encyclopedia

Hermann de Stern
Baron Herman de Stern.jpg
Born1815
DiedOctober 20, 1887(1887-10-20) (aged 71–72)
OccupationBanker
SpouseJulia Goldsmid
Children Herbert Stern, 1st Baron Michelham
Relatives David de Stern (brother)
Sydney Stern, 1st Baron Wandsworth (nephew)
Sir David Lionel Goldsmid-Stern-Salomons, 2nd Bt (son-in-law)

Hermann de Stern, Baron de Stern (1815–1887) was a German-born British banker and senior partner of the firm of Stern Brothers. [1]

Contents

Early life and career

Stern was born in 1815 in Frankfurt am Main, Grand Duchy of Frankfurt, to the prominent Stern banking family. [1] He moved to London in 1844 to join his brother David.

Together, they co-founded Stern Brothers, a financial institution based in London. 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." [1]

Stern 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. [1] He also served on the board of directors of the London Banking Association. [2]

In 1869, Stern received the Portuguese noble title of barão (baron) from King Luís I of Portugal. [1]

Personal life

Stern married Julia Goldsmid, daughter of Aaron Asher Goldsmid, brother of Sir Isaac Goldsmid. Their son was Herbert Stern, 1st Baron Michelham.

From 1883 to 1887, Stern was the owner of Strawberry Hill House in Twickenham, but he never lived there. [3] He was associated with the Anglo-Jewish Association and the Jews' Free School. [1]

Stern died in London on 20 October 1887 [1] and was buried at Balls Pond Road Cemetery. [4] One of the wealthiest British men of his time, he left an estate of £3,544,978 (equivalent to £0.49 billion in 2023 [5] ). [6]

Related Research Articles

<span class="mw-page-title-main">Rothschild family</span> Jewish noble banking family

The Rothschild family is a wealthy Ashkenazi Jewish noble banking family originally from Frankfurt that rose to prominence with Mayer Amschel Rothschild (1744–1812), a court factor to the German Landgraves of Hesse-Kassel in the Free City of Frankfurt, Holy Roman Empire, who established his banking business in the 1760s. Unlike most previous court factors, Rothschild managed to bequeath his wealth and established an international banking family through his five sons, who established businesses in Paris, Frankfurt, London, Vienna, and Naples. The family was elevated to noble rank in the Holy Roman Empire and the United Kingdom. The family's documented history starts in 16th century Frankfurt; its name is derived from the family house, Rothschild, built by Isaak Elchanan Bacharach in Frankfurt in 1567.

<span class="mw-page-title-main">Nathan Mayer Rothschild</span> German-born British financier (1777–1836)

Nathan Mayer Rothschild (16 September 1777 – 28 July 1836, also known as Baron Nathan Mayer Rothschild, was an English-German banker, businessman and financier. Born in Frankfurt am Main, he was the third of the five sons of Mayer Amschel Rothschild and his wife, Guttle. He was the founder of the English branch of the prominent Rothschild family.

<span class="mw-page-title-main">Mayer Amschel Rothschild</span> German banker (1744–1812)

Mayer Amschel Rothschild was a German-Jewish-French banker and the founder of the Rothschild banking dynasty. Referred to as a "founding father of international finance", Rothschild was ranked seventh on the Forbes magazine list of "The Twenty Most Influential Businessmen of All Time" in 2005.

<span class="mw-page-title-main">Sydney Stern, 1st Baron Wandsworth</span>

Sydney James Stern, 1st Baron Wandsworth, was a British banker, Liberal Member of Parliament, philanthropist and member of the Stern banking family.

<span class="mw-page-title-main">Rothschild banking family of England</span> British banking family

The Rothschild banking family of England is the English branch of the Rothschild family. It was founded in 1798 by Nathan Mayer Rothschild (1777–1836), who first settled in Manchester before moving to London, England, which was then part of the Kingdom of Great Britain. He was sent there from his home in Frankfurt by his father, Mayer Amschel Rothschild (1744–1812). Wanting his sons to succeed on their own and to expand the family business across Europe, Mayer Amschel Rothschild had his eldest son remain in Frankfurt, while his four other sons were sent to different European cities to establish a financial institution to invest in business and provide banking services. Nathan Mayer Rothschild, the third son, first established a textile jobbing business in Manchester and from there went on to establish N M Rothschild & Sons bank in London.

<span class="mw-page-title-main">Rothschild banking family of Naples</span> Neapolitan banking family

The Rothschild banking family of Naples was the Neapolitan branch of the Rothschild family. It was founded by Carl Mayer von Rothschild (1788–1855), who was sent to the Kingdom of the Two Sicilies from Frankfurt in 1821.

Baron Michelham, of Hellingly in the County of Sussex, was a title in the Peerage of the United Kingdom. It was created on 28 December 1905 for the banker, businessman and philanthropist Sir Herbert Stern, 1st Baronet. He was head of the firm Herbert Stern & Co. Stern had already been created a Baronet, of Strawberry Hill in the Parish of Twickenham and County of Middlesex, in the Baronetage of the United Kingdom on 31 July 1905. Apart from his British titles he was also a Baron in the Portuguese nobility, a title inherited from his father Baron Hermann de Stern. Lord Michelham was succeeded by his eldest son, the second Baron. His younger brother died before him and on his death in 1984 the titles became extinct.

David Jacob de Stern, Viscount de Stern was a German-born British banker and senior partner of the firm of Stern Brothers.

<span class="mw-page-title-main">Frédéric Émile d'Erlanger</span> German banker (1832–1911)

Frédéric Émile, Baron d'Erlanger born as Friedrich Emil Erlanger, was a German-French banker and Consul. He founded the French branch of the Erlanger banking businesses, Emile Erlanger & Co.

<span class="mw-page-title-main">Goldsmid-Stern-Salomons baronets</span> Extinct baronetcy in the Baronetage of the United Kingdom

The Salomons, later Goldsmid-Stern-Salomons Baronetcy, of Broom Hill in the Parish of Tunbridge in the County of Kent and of Great Cumberland Place in the County of Middlesex, was a title in the Baronetage of the United Kingdom. It was created on 26 October 1869 for David Salomons, a leading figure in the 19th century struggle for Jewish emancipation in the United Kingdom, with remainder in default of male issue of his own to his nephew David Lionel Salomons and the heirs male of his body. Salomons died childless and was succeeded according to the special remainder by his nephew, the second Baronet. He was the son of Philip Salomons, younger brother of the first Baronet. The second Baronet married Laura, daughter of Hermann Stern, 1st Baron de Stern and Julia, daughter of Aaron Asher Goldsmid, brother of Sir Isaac Goldsmid, 1st Baronet. In 1899 he assumed the additional surnames of Goldsmid and Stern. The title became extinct on his death in 1925.

<span class="mw-page-title-main">Herbert Stern, 1st Baron Michelham</span> British financier, philanthropist (1851–1919)

Herbert Stern, 1st Baron Michelham, known as Sir Herbert Stern, Bt, between July and December 1905, was a British financier, philanthropist and a member of the Stern banking family.

<span class="mw-page-title-main">Edward Dutton, 4th Baron Sherborne</span> British peer and diplomat

Edward Lenox Dutton, 4th Baron Sherborne, was a British peer and diplomat.

The Rothschild family is a European family of German Jewish origin that established European banking and finance houses from the late eighteenth century.

John Pablo Bryce of Bystock Court, Exmouth, Devon was a member of the British gentry.

<span class="mw-page-title-main">Speyer family</span>

The Speyer family is a prominent Jewish family of German descent. It can be traced back to Michael Isaac Speyer (1644–1692), who had briefly been the head of the Jewish community in Frankfurt am Main in 1691–92. The family originates from Speyer in Palatinate, hence the surname. In the late eighteenth century, the Speyers were the wealthiest Jewish family in Frankfurt, well above the Rothschild family.

The Stern family is a Jewish French banking family originally from Frankfurt. It traces back to Samuel Hayum Stern (1760–1819), who in the 1780s became a wine merchant in Frankfurt.

Balls Pond Road Cemetery, also known as Jewish Cemetery,Kingsbury Road Cemetery, Balls Pond Burial Ground and The Jewish Burial Ground, is a Jewish cemetery on Kingsbury Road, Canonbury, London N1. It was founded in 1843 and is owned by West London Synagogue. Prominent early members of that place of worship, such as the de Stern, Goldsmid and Mocatta families, are buried in this cemetery. Other notable burials include the ashes of Amy Levy, the first Jewish woman at Cambridge University and the first Jewish woman to be cremated in England. The last burial at the cemetery was in 1951. The cemetery has been Grade II listed since 2020.

Emanuel Lousada was a British merchant, planter and politician with interests in Jamaica and Barbados. He was the High Sheriff of Devon from 1842 until 1843, making him the first Jew to hold the title in a county outside of the Sheriff of London, which had been held first by David Salomons in 1835. Lousada was associated with Peak House, Sidmouth. Lousada owned more than 400 African slaves on his sugarcane plantations in the British West Indies at the time of the Slavery Abolition Act 1833. He died a wealthy man, leaving £100,000 in his will.

<span class="mw-page-title-main">Leo Frédéric Alfred Baron d'Erlanger</span> British banker (1898–1978)

Leo Frédéric Alfred Baron d'Erlanger was an English merchant banker and air transport promoter, co-founder of British Airways, Chairman of the Erlanger Bank and of the Channel Tunnel Company.

References

  1. 1 2 3 4 5 6 7 PD-icon.svg Goodman Lipkind, Joseph Jacobs (1901–1906). "Stern, Hermann, Baron de". In Singer, Isidore; et al. (eds.). The Jewish Encyclopedia . New York: Funk & Wagnalls.
  2. Cottrell, Phillip (2002). Investment Banking in England 1856–1881. Vol. 2. London: Routledge. p. 495. ISBN   9780415530217. OCLC   838913141.
  3. "HERMANN DE STERN 1883-1887". Architectural Conservation Laboratory. University of Pennsylvania School of Design. Retrieved 24 April 2016.[ permanent dead link ]
  4. "The Unexpected past of Strawberry Hill House: Herbert Stern 1st Baron Michelham (1851–1919) and the Stern Family: A German dynasty of bankers". Strawberry Hill House . 2021. Retrieved 20 June 2022.
  5. United Kingdom Gross Domestic Product deflator figures follow the MeasuringWorth "consistent series" supplied in Thomas, Ryland; Williamson, Samuel H. (2024). "What Was the U.K. GDP Then?". MeasuringWorth . Retrieved 15 July 2024.
  6. Rubinstein, William (2001). "Jewish top wealth-holders in Britain, 1809–1909". Jewish Historical Studies. 37: 135. JSTOR   29780032.