Guggenheim family
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Guggenheim family | |
---|---|
Current region | New York, U.S. |
Place of origin | Lengnau, Switzerland |
Founded | c.1800s |
Founder | Simon Meyer Guggenheim |
Connected families | Loeb family Morton family Straus family[1] |
Estate(s) | Falaise (Sands Point, New York);[2] Murry Guggenheim House (West Long Branch, New Jersey) |
The Guggenheim family (/ˈɡʊɡənhaɪm/ GUUG-ən-hyme) is an American-Jewish family known for making their fortune in the mining industry, in the early 20th century, especially in the United States and South America. After World War I, many family members withdrew from the businesses and became involved in philanthropy, especially in the arts, aviation, medicine, and culture.
History
Meyer Guggenheim, a Swiss citizen of Ashkenazi Jewish ancestry, arrived in the United States in 1847. His surname derived from the name of the Alsatian village of Gougenheim.[3] He married Barbara Meyer, whom he met in the United States. Over the next few decades, their 11 children and their descendants became known for global successes in mining and smelting businesses, under the name Guggenheim Exploration, including the American Smelting and Refining Company. In the early 20th century, the family amassed one of the largest fortunes in the world.
Following World War I, it sold its global mining interests and later purchased nitrate mines in Chile. Subsequently, the family largely withdrew from direct involvement in running businesses.[4] Family members became known for their philanthropy in diverse areas such as modern art, aviation, and medicine. They donated funds to develop Guggenheim Museums, the Guggenheim Aeronautical Laboratory, and the Guggenheim Pavilion at Mount Sinai Medical Center, designed by I. M. Pei in New York City.[4]
Current interests
Peter Lawson-Johnston, a British Guggenheim descendant, founded Guggenheim Partners which today (2023) manages over $300 billion in assets.[5] Another family vehicle, Guggenheim Investment Advisors, oversees about $50 billion in assets.[6][dead link ]
Family tree
Meyer Guggenheim (1828–1905) married Barbara Meyer, of German Jewish descent, in 1852. They met in the United States. They had 11 children together, including eight sons, five of whom were active in the family businesses: Isaac, Daniel, Maurice ("Murry"), Solomon Robert, and (John) Simon Guggenheim. Sons Benjamin, Robert, and William pursued other careers. The daughters were Jeanette, Rose, and Cora. Meyer's 11 children, their spouses, and notable descendants are shown below:
- Meyer Guggenheim (1828–1905), m. Barbara Meyer (1834–1900) (m. 1852 – her death)
- Isaac Guggenheim (1854–1922), m. Carrie Sonneborn (1859–1933) (m. 1876 – his death)[7]
- Daniel Guggenheim (1856–1930), became head of the family after his father's death; m. Florence Shloss (1863–1944) (m. 1884 – his death)
- Meyer Robert Guggenheim (1885–1959)
- Harry Frank Guggenheim (1890–1971)
- Diane Guggenheim (1924–1991)
- Gladys Eleanor Guggenheim (1895–1980), m. Roger Williams Straus (1891–1957) (m. 1914 – his death)
- Roger Williams Straus Jr. (1917–2004), a founder and chairman of Farrar, Straus and Giroux, publishers
- Roger Williams Straus III (born 1943)
- Roger Williams Straus Jr. (1917–2004), a founder and chairman of Farrar, Straus and Giroux, publishers
- Maurice "Murry" Guggenheim (1858–1939), m. Leonie Bernheim (1865–1959) (m. 1887 – his death)[12]
- Edmond A. Guggenheim (1888–1972), m. Marion Price (1888–1992)
- Lucille Guggenheim (1894–1972), m. Frederic Adam Gimbel (1891–1996), div.
- Solomon R. Guggenheim (1861–1949), founded the Solomon R. Guggenheim Museum and Foundation; m. Irene M. Rothschild (1868–1954), daughter of Victor Henry Rothschild (m. 1895 – his death)
- Eleanor Mary Guggenheim (1896–1992), m. Arthur Stuart, 7th Earl Castle Stewart (1889–1961) (m. 1920 – his death)
- David Stuart, Viscount Stuart (1921–1942)
- Robert Stuart, Viscount Stuart (1923–1944)
- Arthur Stuart, 8th Earl Castle Stewart (1928–2023)
- Andrew Stewart, Viscount Stuart (born 1953)
- The Honorable Simon Stuart (1930–2002)
- Gertrude R. Guggenheim (1898–1966)
- Barbara Josephine Guggenheim (1904–1985), married John Lawson-Johnston of the family producing Bovril
- Peter Lawson-Johnston, President Guggenheim Museum, founder Guggenheim Partners
- Eleanor Mary Guggenheim (1896–1992), m. Arthur Stuart, 7th Earl Castle Stewart (1889–1961) (m. 1920 – his death)
- Jeanette Guggenheim (1863–1889), m. Albert M. Gerstle (1860–1896)
- Nettie Gerstle (1889–?)
- Benjamin Guggenheim (1865–1912), died in the Titanic disaster; m. Florette Seligman (1870–1937) (m. 1895 – his death)[13]
- Benita Rosalind Guggenheim (1895–1927)
- Marguerite "Peggy" Guggenheim (1898–1979), founded the Peggy Guggenheim Collection in Venice
- m. Laurence Vail (div. 1928)
- Michael Cedric Sindbad Vail (1923–1986), m. Margaret Angela Vail (m. 1957 – his death)
- Karole Vail (1959–)
- Pegeen Vail Guggenheim (1925–1967)
- m. Jean Hélion (1904–1987) (m. 1946; div. 1956)
- m. Ralph Rumney (1934–2002) (m. 1958 – her death)
- Sandro Rumney (born 1958)
- Michael Cedric Sindbad Vail (1923–1986), m. Margaret Angela Vail (m. 1957 – his death)
- m. Max Ernst (1891–1976) (m. 1941; div. 1946)
- m. Laurence Vail (div. 1928)
- (Barbara) Hazel King-Farlow Guggenheim (1903–1995),
- m. Sigmund Marshall Kempner (m. 1921; div. 1922)[15]
- m. Milton S. Waldman (m. 1923; div. 1930)[15]
- m. Denys King-Farlow (Hugh St. Denys Nettleton King-Farlow) (m. 1930; div.)[17]
- m. Charles Everett McKinley Jr. (d. 1942) (m. ? – his death)[17]
- m. Archibald Butt Jr. (div.)
- m. Larry Leonard (div.)
- Robert Guggenheim (1867–1876)
- (John) Simon Guggenheim (1867–1941), elected as a U.S. Senator from Colorado; m. Olga Hirsch (1877–1970) (m. 1898 – his death)
- John Simon Guggenheim (1905–1922)
- George Denver Guggenheim (1907–1939)
- William Guggenheim (1868–1941)
- m. Grace Brown Herbert (m. 1900; div. 1901)
- m. Aimee Lillian Steinberger (1877–1957) (m. 1904 – his death)[18][19]
- William Guggenheim Jr. (1907–1947), m. Elizabeth Newell (1913–2004) (m. 1937–his death) [she later m. William J. Broadhurst]
- William Guggenheim III (1939–2023)
- m. Grace Embury (1940– ) (div.)[20]
- m. Judith Arnold (1943– ) (div.)[20]
- William Douglas Guggenheim (born 1970)[20]
- m. Traci Lee Aikey (born 1978)
- Lilian Grace Guggenheim (born 2009)
- Katherine Joy Guggenheim (born 2010)
- Emily Faith Guggenheim (born 2013)
- m. Traci Lee Aikey (born 1978)
- Christopher Mark Guggenheim (born 1976)[20]
- m. Cheryl Anne Brower (born 1973)
- Alexandra Anne Guggenheim (born 2014)
- Athena May Guggenheim (born 2014)
- m. Cheryl Anne Brower (born 1973)
- Jonathan Paul Guggenheim (born 1978)[20]
- Zoya Odette Guggenheim (born 2017)
- William Douglas Guggenheim (born 1970)[20]
- m. Stephanie Maddox (born 1951) (div.)
- William Guggenheim III (1939–2023)
- William Guggenheim Jr. (1907–1947), m. Elizabeth Newell (1913–2004) (m. 1937–his death) [she later m. William J. Broadhurst]
- Rose Guggenheim (1871–1945), m. Albert Loeb, the nephew of Solomon Loeb[13]
- Harold A. Loeb (1891–1974)
- Edwin M. Loeb (1894–1966)
- Willard E. Loeb (1896–1958)
- Cora Guggenheim (1873–1956), m. Louis F. Rothschild (1869–1957), founder of L. F. Rothschild[13]
- Louis F. Rothschild Jr. (1900–1902)
- Muriel Barbara Rothschild (1903–1999), m. William Donald Scott
- Gwendolyn Fay Rothschild (1906–1983)
Businesses
The following is a list of businesses in which the Guggenheim family have held a controlling or otherwise significant interest.
- ASARCO
- Anglo-Lautaro Nitrate Corporation
- Braden Copper Company
- Cain Hoy Stable
- Chile Exploration Company
- Farrar, Straus and Giroux
- Gourmet
- Guggenheim Partners
- Kennecott Copper
- Nevada Northern Railway
- Newsday
- Tradition Records
- Yukon Gold Company[21]
References
- ^ "Straus family | American family | Britannica".
- ^ "Falaise Museum".
- ^ Historisches Lexikon der Schweiz.
- ^ a b Davis, passim
- ^ "Guggenheim Partners – Home". Retrieved May 11, 2023.
- ^ "Guggenheim 'Excited' About Private Equity, Likes Macro Funds". Bloomberg. October 8, 2009. Retrieved October 13, 2009.
- ^ a b "Isaac Guggenheim Dies in England; Overcome by Sudden Illness after Greeting a Friend in Southampton. Leader in Mining Industry Identified with Large Industrial Interests of His Family--Body to Be Brought Here". The New York Times. No. October 11, 1922. October 11, 1922. Retrieved August 1, 2018.
- ^ a b Davis, p. 422
- ^ a b c Lueck, Thomas J. (November 27, 2003). "Audrey B. Love, 100, a Patron of the Arts". The New York Times. No. November 27, 2003. Retrieved November 28, 2016.
- ^ Filler, Martin. "Love Among the Ruins", Departures, March 30, 2010.
- ^ Davis, p. 145
- ^ Davis, p. 168
- ^ a b c Davis, p. 82
- ^ a b c Davis, p. 337
- ^ a b c d Davis, p. 326
- ^ "2 Guggenheim heirs die in 13-story fall: baby boy and brother drop". The New York Times. No. 20 October 1928. October 20, 1928. Retrieved August 1, 2018.
- ^ a b c d Davis, p. 328
- ^ "William Guggenheim and Miss Amy Lelia Steinberger, the daughter of Mrs. Herman Steinberger". The New York Times. No. 1904.
- ^ Davis, John (1994). The Guggenheims: An American Epic. SPI Books. p. 436. ISBN 978-1-56171-351-6.
- ^ a b c d e f g Davis, p. 439
- ^ Davis, John H. (1994). The Guggenheims: An American Epic. SPI Books. p. 114. ISBN 1-56171-351-1.
Further reading
- Davis, John H. (1994). The Guggenheims: An American Epic. SPI Books. ISBN 1-56171-351-1.