Marcus Goldman

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Marcus Goldman

Marcus Goldman (born December 9, 1821 in Trappstadt , Bavaria , † July 20, 1904 in New York City ) was a German-American businessman and founder of the investment bank Goldman Sachs .

Life

Marcus Goldman was born as Mark Goldmann in Trappstadt in the district of Königshofen in Lower Franconia in 1821 . He was the eldest son of five children of the Jewish couple Wolf and Ella Goldmann. His father was a "merchant Jew", cattle dealer and economist from the small half-timbered town of Zeil am Main in the Haßfurt-Eltmann district court . He was born on February 16, 1794 in house number 57 (today Kaulberg 6) in Zeil, the son of Jandorf Goldmann (1759–1841) and his wife Bella / Babette (died on December 4, 1825 in Zeil am Main, 66 years old old). It is possible that the Goldmann family originally came from Knetzgau on the opposite side of the Main. In 1848 he emigrated from Frankfurt am Main to the USA .

In 1850 he married Bertha Goldman, with whom he had five children. Bertha Goldman had also emigrated from Bavaria to America in 1848 at the age of 19 . Marcus Goldman had met her in the Pennsylvanian pedestrian area, where she worked as an embroiderer and made a living from it. With the help of his wife, he then set up a clothing store in Philadelphia and later gave in to her urge to move to New York.

In 1869, four years after the Civil War , he founded M. Goldman & Company in a one-room office on Pine Street in New York, a company that initially specialized in buying customer promissory notes from tobacco and diamond dealers in Manhattan. which he used to wear under his top hat . For a small profit he sold the bills of exchange to banks. In 1882 his son-in-law Samuel Sachs joined the company. With the entry of his son Henry Goldman in 1885, the name changed to M. Goldman & Sachs , which resulted in the world-famous major bank Goldman Sachs . The bank moved into new venture capital for businesses and quickly expanded to Chicago and St. Louis . From 1896 the company traded company shares on the New York Stock Exchange .

Goldman withdrew from the business in 1894. He died in the summer of 1904.

children

  • Julius Goldman (1852–1909), lawyer, married to Sarah Adler, a daughter of Rabbi Samuel Adler , their daughter was the archaeologist Hetty Goldman
  • Henry Goldman (1857-1937), banker
  • Louisa Goldman Sachs, married to the banker Samuel Sachs
  • Rosa Goldman Sachs, married to the classical philologist Julius Sachs

literature

  • Lisa Endlich: Goldman Sachs: The Culture of Success . Touchstone. 2000. ISBN 0684869683
  • Charles R. Geisst: The Last Partnerships: Inside the Great Wall Street Dynasties . McGraw-Hill. 2001. ISBN 0071369996

Web links

Individual evidence

  1. ↑ Cordula Kappner: Marcus Goldmann and the American Dream . March 12, 2008.
  2. ^ A b Goldman Sachs: Goldman Sachs at 150 .
  3. ↑ Archived copy ( Memento of the original from July 6, 2007 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. . @1@ 2Template: Webachiv / IABot / www.publicbonds.org
  4. ↑ Cash & Comeback, Time Magazine .
  5. ^ Goldman Sachs Family Album. Golden Wedding Anniversary .
  6. ↑ [1] . (offline)
personal data
SURNAME Goldman, Marcus
BRIEF DESCRIPTION American investment banker of German origin
DATE OF BIRTH December 9, 1821
PLACE OF BIRTH Trappstadt , Lower Franconia
DATE OF DEATH July 20, 1904
Place of death New York City