Sir Ernest Oppenheimer (22 May 1880 – 25 November 1957),

KStJ The Order of St John, short for Most Venerable Order of the Hospital of Saint John of Jerusalem (french: l'ordre très vénérable de l'Hôpital de Saint-Jean de Jérusalem) and also known as St John International, is a British royal order of ...

was a

diamond Diamond is a solid form of the element carbon with its atoms arranged in a crystal structure called diamond cubic. Another solid form of carbon known as graphite is the chemically stable form of carbon at room temperature and pressure, b ...

and

gold Gold is a chemical element with the symbol Au (from la, aurum) and atomic number 79. This makes it one of the higher atomic number elements that occur naturally. It is a bright, slightly orange-yellow, dense, soft, malleable, and ductile ...

mining

entrepreneur Entrepreneurship is the creation or extraction of economic value. With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values t ...

financier An investor is a person who allocates financial capital with the expectation of a future return (profit) or to gain an advantage (interest). Through this allocated capital most of the time the investor purchases some species of property. Type ...

and

philanthropist Philanthropy is a form of altruism that consists of "private initiatives, for the public good, focusing on quality of life". Philanthropy contrasts with business initiatives, which are private initiatives for private good, focusing on material ...

, who controlled

De Beers De Beers Group is an international corporation that specializes in diamond mining, diamond exploitation, diamond retail, diamond trading and industrial diamond manufacturing sectors. The company is active in open-pit, large-scale alluvial and ...

and founded the Anglo American Corporation of

South Africa South Africa, officially the Republic of South Africa (RSA), is the southernmost country in Africa. It is bounded to the south by of coastline that stretch along the South Atlantic and Indian Oceans; to the north by the neighbouring coun ...

Career

Ernest Oppenheimer was born in Landkreis Aichach-Friedberg, Grand Duchy of Hesse,

German Empire The German Empire (),Herbert Tuttle wrote in September 1881 that the term "Reich" does not literally connote an empire as has been commonly assumed by English-speaking people. The term literally denotes an empire – particularly a hereditary ...

, the son of Edward Oppenheimer, a

cigar A cigar is a rolled bundle of dried and fermented tobacco leaves made to be smoked. Cigars are produced in a variety of sizes and shapes. Since the 20th century, almost all cigars are made of three distinct components: the filler, the binder l ...

merchant, and his wife, Nanette (née Hirschhorn) Oppenheimer. He began his working life at 17, when he entered Dunkelsbuhler & Company, a diamond brokerage in

London London is the capital and List of urban areas in the United Kingdom, largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary dow ...

. His efforts impressed his employer and in 1902, at the age of 22, he was sent to South Africa to represent the

company A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared ...

as a buyer in Kimberley, of which he went on to become the mayor from 1912 to 1915. In this role, he helped raise the manpower for the

Kimberley Regiment The Kimberley Regiment is an infantry regiment of the South African Army. As a reserve unit, it has a status roughly equivalent to that of a British Army Reserve or United States Army National Guard unit. History Volunteer Forces on the Diamo ...

for service during

World War I World War I (28 July 1914 11 November 1918), often abbreviated as WWI, was List of wars and anthropogenic disasters by death toll, one of the deadliest global conflicts in history. Belligerents included much of Europe, the Russian Empire, ...

. He became great friends with

William Lincoln Honnold William is a male given name of Germanic origin.Hanks, Hardcastle and Hodges, ''Oxford Dictionary of First Names'', Oxford University Press, 2nd edition, , p. 276. It became very popular in the English language after the Norman conquest of Eng ...

, an American engineer and chairman of Transvaal Coal Trust, Brakpan Mines, Springs Mines and The New Era Company. In 1917, they launched the Anglo American Corporation with financial assistance from

J. P. Morgan John Pierpont Morgan Sr. (April 17, 1837 – March 31, 1913) was an American financier and investment banker who dominated corporate finance on Wall Street throughout the Gilded Age. As the head of the banking firm that ultimately became known ...

. He was knighted in 1921. The initial capital was £1 million. Half of the capital was subscribed in the United States and half in England and South Africa.H. F. Oppenheimer, R. B. Hagart, W. D. Wilson, Francis Whitmore, H. MacConachie, Dr. J. E. Holloway,
Optima
', September 1967 Volume seventeen number three, Commemorates the Fiftieth Anniversary of Anglo American Corporation September 25th 1967, p. 97. He would remain as a permanent director and its chairman until 1953. In 1919, two years after its launch, Anglo American purchased diamond mines in

South West Africa South West Africa ( af, Suidwes-Afrika; german: Südwestafrika; nl, Zuidwest-Afrika) was a territory under South African administration from 1915 to 1990, after which it became modern-day Namibia. It bordered Angola (Portuguese colony before 1 ...

which would pose a challenge to the

diamond business monopoly. Oppenheimer took part in the 1924 South African general election and was elected to the

House of Assembly House of Assembly is a name given to the legislature or lower house of a bicameral parliament. In some countries this may be at a subnational level. Historically, in British Crown colonies A Crown colony or royal colony was a colony adm ...

as the Member for Kimberley. He held the seat until 1938. In 1927, he managed to wrest control of the late

Cecil Rhodes Cecil John Rhodes (5 July 1853 – 26 March 1902) was a British mining magnate and politician in southern Africa who served as Prime Minister of the Cape Colony from 1890 to 1896. An ardent believer in British imperialism, Rhodes and his Bri ...

' De Beers empire and built and consolidated the company's global monopoly over the world's diamond industry until his retirement. He gained the chairmanship of De Beers in 1929. Over the course of his chairmanship, Oppenheimer was involved in a number of controversies, including price fixing,

antitrust Competition law is the field of law that promotes or seeks to maintain market competition by regulating anti-competitive conduct by companies. Competition law is implemented through public and private enforcement. It is also known as antitrust ...

behaviour, and an allegation of not releasing industrial diamonds for the U.S. war effort during

World War II World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the World War II by country, vast majority of the world's countries—including all of the great power ...

. In 1952, he was appointed as a Knight of the

Most Venerable Order of the Hospital of St John of Jerusalem The Order of St John, short for Most Venerable Order of the Hospital of Saint John of Jerusalem (french: l'ordre très vénérable de l'Hôpital de Saint-Jean de Jérusalem) and also known as St John International, is a British royal order of ...

Personal life

Ernest Oppenheimer married Mary Lina Pollak in 1906 and had two sons. She died in 1934. In 1935, he married Caroline Magdalen Oppenheimer (née Harvey), widow of Sir Michael, 2nd Baronet Oppenheimer of Stoke Poges. He died in

Johannesburg Johannesburg ( , , ; Zulu language, Zulu and xh, eGoli ), colloquially known as Jozi, Joburg, or "The City of Gold", is the largest city in South Africa, classified as a Megacity#List of megacities, megacity, and is List of urban areas by p ...

in 1957. Although he was born into a

Jew Jews ( he, יְהוּדִים, , ) or Jewish people are an ethnoreligious group and nation originating from the Israelites Israelite origins and kingdom: "The first act in the long drama of Jewish history is the age of the Israelites""T ...

ish family, he converted to

Anglicanism Anglicanism is a Western Christian tradition that has developed from the practices, liturgy, and identity of the Church of England following the English Reformation, in the context of the Protestant Reformation in Europe. It is one of t ...

in adulthood and was buried at St George's Church, Parktown. He was succeeded in the business by his son,

Harry Oppenheimer Harry Frederick Oppenheimer (28 October 1908 – 19 August 2000) was a prominent South African businessman, industrialist and philanthropist. Oppenheimer was often ranked as one of the wealthiest people in the world, and was considered South A ...

. Oppenheimer's brother, Sir Bernard Oppenheimer, was also heavily involved in the diamond industry, himself dying in 1921.

Legacy

In 1964, the

Oppenheimer Diamond The Oppenheimer Diamond, a nearly perfectly formed yellow diamond crystal, is one of the largest uncut diamonds in the world, and measures approximately . It was discovered in the Dutoitspan Mine, Kimberley, South Africa, in 1964. Harry Winsto ...

was named in his honour by its owner, Harry Winston, who donated the stone (not a

gem A gemstone (also called a fine gem, jewel, precious stone, or semiprecious stone) is a piece of mineral crystal which, in cut and polished form, is used to make jewelry or other adornments. However, certain rocks (such as lapis lazuli, opal, an ...

, as it remains uncut and unpolished) to the

Smithsonian Institution The Smithsonian Institution ( ), or simply the Smithsonian, is a group of museums and education and research centers, the largest such complex in the world, created by the U.S. government "for the increase and diffusion of knowledge". Found ...

as a memorial.

References

External links

*
Sir Ernest Oppenheimer - South African History Online

Biography Ernest Oppenheimer online version
Gregory, Ernest Oppenheimer and the Economic Development of South Africa, Cape Town University Press, New York, 1965 {{DEFAULTSORT:Oppenheimer, Ernest 1880 births 1957 deaths People from Friedberg, Hesse People from the Grand Duchy of Hesse

Ernest Ernest is a given name derived from Germanic word ''ernst'', meaning "serious". Notable people and fictional characters with the name include: People *Archduke Ernest of Austria (1553–1595), son of Maximilian II, Holy Roman Emperor * Ernest, ...

19th-century German Jews German emigrants to South Africa South African Anglicans Converts to Anglicanism from Judaism South African mining businesspeople Diamond dealers 20th-century South African businesspeople Knights Bachelor Knights of the Order of Saint John (chartered 1888) South African knights De Beers people

Career

Personal life

Legacy

See also

References

External links