Phipps family

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The Henry Phipps family of the United States was founded by Henry Phipps, Jr., the son of an English shoemaker who emigrated in the early part of the 19th century to Philadelphia, Pennsylvania before settling in Pittsburgh. Henry Phipps grew up in poverty, a friend and neighbor to Andrew Carnegie. As an adult, he was Carnegie's business partner in Carnegie Steel Company and became a very wealthy man as the company's second largest shareholder and investments in real estate. After selling his stock in Carnegie Steel, Phipps became a leading advocate of housing for the poor and a major philanthropist. He believed that those who have achieved great wealth should give back for the public good and create institutions dedicated to that purpose.

In 1907, Henry Phipps established Bessemer Trust Company to manage his substantial assets that would be shared by his offspring following his death. By 1974, Bessemer Trust Company had developed an expertise in wealth management that allowed it to take on other clients through the creation of a national bank headquartered in New York City.

Henry Phipps was one of the pioneer investors in Florida real estate. At one time, he and his family owned one-third of the town of Palm Beach, 45 kilometres of oceanfront between Palm Beach and Fort Lauderdale, prime bayfront property in downtown Miami, and 12,000 hectares of land in Martin County. The Phipps family donated to the town of Palm Beach one of the most significant gifts in county history: an ocean-to-lake frontage property that is now known as Phipps Park.[1]

Gladys Mills Phipps, daughter of Darius Ogden Mills and wife of Henry Carnegie Phipps, would become prominent breeders and owners in American Thoroughbred horse racing as would her son and daughters and several grandchildren.

Family members include:

  • Henry Phipps (1839-1930)
  • John Shaffer Phipps (1874-1958)
  • Henry Carnegie Phipps (1879-1953)
  • Gladys Mills Phipps (1883-1970)
  • Amy Phipps Guest (1876-1959)
  • Lillian Bostwick Phipps (1906-1987)
  • Ogden Phipps (1908-2002)
  • Barbara Phipps Janney (1911-1987)
  • Ogden Mills Phipps (b. 1940)
  • Cynthia Phipps (b. 1945)
  • Stuart Symington Janney III (b. 1948)
  • Esmond Bradley Martin (1915-2002)
  • Serina Martin Sanchez (b. 1948)
  • Carlos Esmond Sanchez, M.D. (b. 1976)

[edit] References

  • Bessemer Trust Co., 630 5th Ave, New York, NY 10111
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