Hermann de Stern

Hermann de Stern
Hermann de Stern
Born	1815; Frankfurt, Grand Duchy of Frankfurt
Died	October 20, 1887 (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 and senior partner of the firm of Stern Brothers..

Early life

Hermann de Stern was born in 1815 in Frankfurt am Main, Grand Duchy of Frankfurt to the prominent Stern banking family.[2] He moved to London to join 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 £0.38 billion in 2016[5]).[1]

References

Rubinstein, William (2001). "Jewish top wealth-holders in Britain, 1809–1909". Jewish Historical Studies. 37: 135. JSTOR 29780032.
Goodman Lipkind, Joseph Jacobs (1901–1906). "Stern, Hermann, Baron de". In Singer, Isidore; et al. (eds.). The Jewish Encyclopedia. New York: Funk & Wagnalls.
Cottrell, Phillip (2002). Investment Banking in England 1856–1881. 2. London: Routledge. p. 495. ISBN 9780415530217. OCLC 838913141.
"HERMANN DE STERN 1883-1887". Architectural Conservation Laboratory. University of Pennsylvania School of Design. Retrieved April 24, 2016.
United Kingdom Gross Domestic Product deflator figures follow the Measuring Worth "consistent series" supplied in Thomas, Ryland; Williamson, Samuel H. (2018). "What Was the U.K. GDP Then?". MeasuringWorth. Retrieved February 2, 2020.

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[jewishtopwealth-1] Rubinstein, William (2001). "Jewish top wealth-holders in Britain, 1809–1909". Jewish Historical Studies. 37: 135. JSTOR 29780032.

[jewishencyclopediagoodmanlipkind-2] Goodman Lipkind, Joseph Jacobs (1901–1906). "Stern, Hermann, Baron de". In Singer, Isidore; et al. (eds.). The Jewish Encyclopedia. New York: Funk & Wagnalls.

[investmentbankinginengland-3] Cottrell, Phillip (2002). Investment Banking in England 1856–1881. 2. London: Routledge. p. 495. ISBN 9780415530217. OCLC 838913141.

[conlabhermann-4] "HERMANN DE STERN 1883-1887". Architectural Conservation Laboratory. University of Pennsylvania School of Design. Retrieved April 24, 2016.

[inflation-UKGDP-5] United Kingdom Gross Domestic Product deflator figures follow the Measuring Worth "consistent series" supplied in Thomas, Ryland; Williamson, Samuel H. (2018). "What Was the U.K. GDP Then?". MeasuringWorth. Retrieved February 2, 2020.