Guggenheim, Daniel

Guggenheim, Daniel extract from Britannica Online.

(born July 9, 1856, Philadelphia, Pa., U.S.—died Sept. 28, 1930, Port Washington, N.Y.) U.S. industrialist who oversaw the expansion of his family's vast mining empire in the early 20th century. His father, Meyer Guggenheim, invested in the family's first mining operations in the 1880s. Over the following years, Daniel Guggenheim and his six brothers acquired many smelting and refining operations. The Guggenheim holdings were merged with the American Smelting and Refining Company in 1901 to form a trust composed of the country's largest metal-processing plants. Daniel directed the trust until 1919 and acquired mines throughout the world during his tenure. He also established several prominent philanthropic foundations during his lifetime.

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