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, ...

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 me ...

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, who controlled De Beers and founded the

Anglo American Corporation Anglo is a prefix indicating a relation to, or descent from, the Angles, England, English culture, the English people or the English language, such as in the term ''Anglosphere''. It is often used alone, somewhat loosely, to refer to people o ...

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

Career

Ernest Oppenheimer was born in Landkreis Aichach-Friedberg, Grand Duchy of Hesse, German Empire, the son of Edward Oppenheimer, a cigar 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 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 one of the deadliest global conflicts in history. Belligerents included much of Europe, the Russian Empire, the United States, and the Ottoman Empire, with fightin ...

. 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

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 De Beers diamond business monopoly. Oppenheimer took part in the

1924 South African general election General elections were held in South Africa on 19 June 1924 to elect 135 members of the House of Assembly. Considered a realigning election, rising discontent with the government of Jan Smuts led to the defeat of his government by a coalition ...

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 as the colony gained more internal responsible gove ...

as the Member for Kimberley. He held the seat until 1938. In 1927, he managed to wrest control of the late Cecil Rhodes' 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 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 vast majority of the world's countries—including all of the great powers—forming two opposing ...

. 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 and xh, eGoli ), colloquially known as Jozi, Joburg, or "The City of Gold", is the largest city in South Africa, classified as a megacity, and is one of the 100 largest urban areas in the world. According to Dem ...

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 in adulthood and was buried at St George's Church,

Parktown Parktown is a wealthy suburb of Johannesburg, South Africa, the first suburb north of the inner city (both chronologically and geographically). It is affectionately known as one of the Parks, others including Parkview, Parkwood, Westcliff, Park ...

. 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 was named in his honour by its owner,

Harry Winston Harry Winston (March 1, 1896December 8, 1978) was an American jeweler. He donated the Hope Diamond to the Smithsonian Institution in 1958 after owning it for a decade. He also traded the Portuguese Diamond to the Smithsonian in 1963 in exchan ...

, 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, a ...

, 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". Founded ...

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