Hermann de Stern

Hermann de Stern
Born 1815
Frankfurt, Grand Duchy of Frankfurt
Died October 20, 1887(1887-10-20) (aged 71–72)
London, U.K.
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 £2.80 billion in 2016).[1]

References

  1. 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)).
  2. 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.
  3. ↑ Cottrell, Phillip (2002). Investment Banking in England 1856–1881. 2. London: Routledge. p. 495. ISBN 9780415530217. OCLC 838913141.
  4. ↑ "HERMANN DE STERN 1883-1887". Architectural Conservation Laboratory. University of Pennsylvania School of Design. Retrieved April 24, 2016.


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