Guggenheim family

Guggenheim family
Meyer Guggenheim
Daniel Guggenheim
Harry Frank Guggenheim
Current regionNew York, U.S.
Place of originLengnau, Switzerland
Foundedc.1800s
FounderSimon Meyer Guggenheim
Connected familiesLoeb 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

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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

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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

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Solomon R. Guggenheim Museum, 5th Avenue, Manhattan

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]
      • Beulah V. Guggenheim (1877–1960), m. William I. Spiegelberg[8]
      • Edyth B. Guggenheim (1880–1960), m. Louis M. Josephthal, future admiral and founder of Josephthal & Co.[9]
        • Audrey Josephthal (1903–2003) m. Cornelius Ruxton Love Jr. (died 1971)[9]
      • Helene Guggenheim (1886–1962)
        • m. Edmund L. Haas (m. 1905; div.)[11]
        • m. Corlette Glorney[8]
        • m. Lord Melvill Ward[7]
    • Daniel Guggenheim (1856–1930), became head of the family after his father's death; m. Florence Shloss (1863–1944) (m. 1884 – his death)
    • 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)
    • 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)
        • m. Max Ernst (1891–1976) (m. 1941; div. 1946)
      • (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]
          • Terrence Waldman (1924–1928)[15]
          • Benjamin Waldman (1927–1928)[15]
          • Terrence (four-and-a-half years old) and Benjamin (14 months) both fell to their deaths from the roof of the Surrey, a 16-story apartment hotel at 20 East 76th Street, New York, on October 19, 1928.[16]
        • m. Denys King-Farlow (Hugh St. Denys Nettleton King-Farlow) (m. 1930; div.)[17]
          • John King-Farlow (1932–2002)[17]
          • Barbara Benita King-Farlow (1934–?)[17]
            • Ghislaine Agostini
            • Amelia Kaye
            • Adam Jacobs
        • 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]
              • Maire Embury Guggenheim (born 1962)[20]
              • Jaenet Newell Guggenheim (1963–2011)[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)
              • Christopher Mark Guggenheim (born 1976)[20]
                • m. Cheryl Anne Brower (born 1973)
                  • Alexandra Anne Guggenheim (born 2014)
                  • Athena May Guggenheim (born 2014)
              • Jonathan Paul Guggenheim (born 1978)[20]
                • Zoya Odette Guggenheim (born 2017)
            • m. Stephanie Maddox (born 1951) (div.)
    • 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

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The following is a list of businesses in which the Guggenheim family have held a controlling or otherwise significant interest.

References

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  1. ^ "Straus family | American family | Britannica".
  2. ^ "Falaise Museum".
  3. ^ Historisches Lexikon der Schweiz.
  4. ^ a b Davis, passim
  5. ^ "Guggenheim Partners – Home". Retrieved May 11, 2023.
  6. ^ "Guggenheim 'Excited' About Private Equity, Likes Macro Funds". Bloomberg. October 8, 2009. Retrieved October 13, 2009.
  7. ^ 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.
  8. ^ a b Davis, p. 422
  9. ^ 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.
  10. ^ Filler, Martin. "Love Among the Ruins", Departures, March 30, 2010.
  11. ^ Davis, p. 145
  12. ^ Davis, p. 168
  13. ^ a b c Davis, p. 82
  14. ^ a b c Davis, p. 337
  15. ^ a b c d Davis, p. 326
  16. ^ "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.
  17. ^ a b c d Davis, p. 328
  18. ^ "William Guggenheim and Miss Amy Lelia Steinberger, the daughter of Mrs. Herman Steinberger". The New York Times. No. 1904.
  19. ^ Davis, John (1994). The Guggenheims: An American Epic. SPI Books. p. 436. ISBN 978-1-56171-351-6.
  20. ^ a b c d e f g Davis, p. 439
  21. ^ Davis, John H. (1994). The Guggenheims: An American Epic. SPI Books. p. 114. ISBN 1-56171-351-1.

Further reading

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