Solomon Loeb
Solomon Loeb | |
|---|---|
| Born | Salomon Löb Template:Birth date Worms, Grand Duchy of Hesse |
| Died | December 12, 1903 (aged 75) |
| Occupation(s) | Financier, entrepreneur |
| Known for | Co-founder of Kuhn, Loeb & Co. |
Solomon Loeb (originally Salomon Löb; June 29, 1828 – December 12, 1903) was a prominent German-born American financier and entrepreneur. Beginning his career in the textile trade, he later co-established the influential banking institution Kuhn, Loeb & Co..
Biography
Loeb was born in Worms, located within the Grand Duchy of Hesse at the time. In 1849, he emigrated to the United States and took up residence in Cincinnati, where he became involved with the textile company Kuhn, Netter & Co. By 1865, he relocated to New York City and joined forces with Abraham Kuhn to found the banking firm Kuhn, Loeb & Co. His son, James Loeb, entered the business in 1888 but departed in 1901. Over time, Solomon reduced his day-to-day involvement while maintaining his association with Kuhn, Loeb & Co. until 1899, after which he concentrated on real estate ventures. Additionally, Loeb gained recognition for his charitable efforts, notably supporting the establishment of the Hebrew Charities Building in New York City.
Family
- Solomon Loeb married twice: first to Fanny Kuhn (sister of Abraham Kuhn), then to Betty Gallenberg.
- Therese Loeb (1854–1933) became the wife of banker Jacob Schiff (1847–1920).
- Their daughter Frieda Schiff (1876–1958) married banker Felix M. Warburg (1871–1937).
- Refer to Warburg family.
- Their daughter Frieda Schiff (1876–1958) married banker Felix M. Warburg (1871–1937).
- Morris Loeb (1863–1912), a chemist by profession, married Edna Kuhn (1866–1951), daughter of Samuel Kuhn (Abraham Kuhn’s brother).
- Guta Loeb (1865–1956) wed banker Isaac Newton Seligman (1855–1917).
- Their daughter Margaret Valentine Seligman married banker Sam A. Lewisohn (1884–1951), son of Adolph Lewisohn.
- James Loeb (1867–1933), active in banking.
- Nina Loeb (1870–1945) married banker Paul Warburg (1868–1932).
- Their son James Warburg (1896–1969) was also a banker.
- See Warburg family.
- Their son James Warburg (1896–1969) was also a banker.
- Therese Loeb (1854–1933) became the wife of banker Jacob Schiff (1847–1920).
Further reading
External links
- Articles with short description
- Articles with hCards
- No local image but image on Wikidata
- 1828 births
- 1903 deaths
- American bankers
- American Reform Jews
- American people of German-Jewish descent
- American businesspeople in real estate
- Businesspeople from New York City
- German bankers
- Hessian emigrants to the United States
- German philanthropists
- German Reform Jews
- Loeb family
- People from Rhenish Hesse
- People from Worms, Germany
- Warburg family
- Philanthropists from New York (state)
- 19th-century American philanthropists
- 19th-century American businesspeople
- Businesspeople from Hesse