William Orpen Otto Beit in his study at Belgrave Square

Sir Otto John Beit, 1st Baronet, KCMG, FRS (7 December 1865 – 7 December 1930) was a German-born British financier, philanthropist and art connoisseur.

Life history and career

Beit was born in

Hamburg Hamburg (, ; ), officially the Free and Hanseatic City of Hamburg,. is the List of cities in Germany by population, second-largest city in Germany after Berlin and List of cities in the European Union by population within city limits, 7th-lar ...

, Germany, the younger brother of

Alfred Beit Alfred Beit (15 February 1853 – 16 July 1906) was an Anglo-German gold and diamond magnate in South Africa, and a major donor and profiteer of infrastructure development on the African continent. He also donated much money to university ed ...

, into the

Jew Jews (, , ), or the Jewish people, are an ethnoreligious group and nation, originating from the Israelites of ancient Israel and Judah. They also traditionally adhere to Judaism. Jewish ethnicity, religion, and community are highly inte ...

ish family of an affluent Hamburg trader. He went to England in 1888, where he joined the stockbroking firm of Wernher, Beit & Co., in which his brother

, was a partner. In 1890 he left for South Africa to gain experience in the diamond industry. He remained for six years and played an active role in the development of Rand Gold Mines and became a member of Hermann Eckstein's firm, H. Eckstein & Co. Despite playing a prominent part in the

Witwatersrand The Witwatersrand (, ; ; locally the Rand or, less commonly, the Reef) is a , north-facing scarp in South Africa. It consists of a hard, erosion-resistant quartzite metamorphic rock, over which several north-flowing rivers form waterfalls, w ...

gold industry, he returned to London, partly because he did not want to confine his interests solely to financial activities, but also to cultivate his scientific, artistic and cultural tastes. He became a naturalised British citizen in 1896. He fell under the spell of

Cecil Rhodes Cecil John Rhodes ( ; 5 July 185326 March 1902) was an English-South African mining magnate and politician in southern Africa who served as Prime Minister of the Cape Colony from 1890 to 1896. He and his British South Africa Company founded th ...

's imperialist vision and was his house-guest at the time of the

Jameson Raid The Jameson Raid (Afrikaans: ''Jameson-inval'', , 29 December 1895 – 2 January 1896) was a botched raid against the South African Republic (commonly known as the Transvaal) carried out by British colonial administrator Leander Starr Jameson ...

. On his return to London, he followed for a few years the career of stockbroker and continued with his interest in the mining industry until the death of his brother Alfred, after which he retired and devoted himself for the remainder of his life to

philanthropy Philanthropy is a form of altruism that consists of "private initiatives for the Public good (economics), public good, focusing on quality of life". Philanthropy contrasts with business initiatives, which are private initiatives for private goo ...

Directorates and memberships

Director, Rhodesia Railways Ltd; Member, Governing Body of

Imperial College Imperial College London, also known as Imperial, is a public research university in London, England. Its history began with Prince Albert, husband of Queen Victoria, who envisioned a cultural district in South Kensington that included museums ...

, 1912–1930; Trustee of the Rhodes Trust, and Beit Railway Trust for Rhodesia; founded Beit Memorial Trust for Medical Research; established the Beit Fellowship at Imperial College in memory of his brother Alfred, 1913; founded the Beit Fellowships for Scientific Research at Imperial College. He was also a member of the Governing Body from 1912 and a founder member of the

Royal Institute of International Affairs Royal may refer to: People * Royal (name), a list of people with either the surname or given name * A member of a royal family or royalty Places United States * Royal, Arkansas, an unincorporated community * Royal, Illinois, a village * Roya ...

He administered both the Rhodes Trust and the Beit Trust, through which he became involved in land settlement schemes in Southern Africa. He served as director of the

British South Africa Company The British South Africa Company (BSAC or BSACo) was chartered in 1889 following the amalgamation of Cecil Rhodes' Central Search Association and the London-based Exploring Company Ltd, which had originally competed to capitalize on the expecte ...

. He was appointed

Knight Commander of the Order of St Michael and St George The Most Distinguished Order of Saint Michael and Saint George is a British order of chivalry founded on 28 April 1818 by George, Prince of Wales (the future King George IV), while he was acting as prince regent for his father, King George III ...

(KCMG) in the 1920 New Year Honours for his work in connection with South African troops and hospitals in England and was created a

baronet A baronet ( or ; abbreviated Bart or Bt) or the female equivalent, a baronetess (, , or ; abbreviation Btss), is the holder of a baronetcy, a hereditary title awarded by the British Crown. The title of baronet is mentioned as early as the 14th ...

on 25 February 1924 for his numerous donations to children's sanatoria, libraries and a homoeopathic research institute. He funded the construction of the Beit Quad, the

Students' Union A students' union or student union, is a student organization present in many colleges, universities, and high schools. In higher education, the students' union is often accorded its own building on the campus, dedicated to social, organizat ...

building and

hostel A hostel is a form of low-cost, short-term shared sociable lodging where guests can rent a bed, usually a bunk bed in a dormitory sleeping 4–20 people, with shared use of a lounge and usually a kitchen. Rooms can be private or shared - mixe ...

Imperial College, London Imperial College London, also known as Imperial, is a Public university, public research university in London, England. Its history began with Prince Albert of Saxe-Coburg and Gotha, Prince Albert, husband of Queen Victoria, who envisioned a Al ...

. A plaque depicting him by Omar Ramsden is situated in the Beit Quad entrance. He was a generous benefactor of the

Johannesburg Art Gallery The Johannesburg Art Gallery (JAG) is an art gallery in Joubert Park in the city centre of Johannesburg, South Africa. It was once the largest gallery on the continent with a collection of more than 9000 artworks. The gallery collection is la ...

, and more so with his gifts to the

University of Cape Town The University of Cape Town (UCT) (, ) is a public university, public research university in Cape Town, South Africa. Established in 1829 as the South African College, it was granted full university status in 1918, making it the oldest univer ...

, of which he turned the first sod in 1920. King Edward's Hospital Fund received £50,000 from Beit in 1928 for the purchase of

radium Radium is a chemical element; it has chemical symbol, symbol Ra and atomic number 88. It is the sixth element in alkaline earth metal, group 2 of the periodic table, also known as the alkaline earth metals. Pure radium is silvery-white, ...

. He was no less generous to public collections in the United Kingdom, helping the

Victoria and Albert Museum The Victoria and Albert Museum (abbreviated V&A) in London is the world's largest museum of applied arts, decorative arts and design, housing a permanent collection of over 2.8 million objects. It was founded in 1852 and named after Queen ...

to acquire many works of art. He also gave his name to an award for excellence in sculpture through the

Royal Society of British Sculptors The Royal Society of Sculptors (RSS) is a British charity established in 1905, which promotes excellence in the art and practice of sculpture. Its headquarters are a centre for contemporary sculpture on Old Brompton Road in South Kensington, Lo ...

, the Otto Beit Medal. He received an Honorary LLD from the

and was elected

Fellow of the Royal Society Fellowship of the Royal Society (FRS, ForMemRS and HonFRS) is an award granted by the Fellows of the Royal Society of London to individuals who have made a "substantial contribution to the improvement of natural science, natural knowledge, incl ...

(FRS) in 1924. On 27 May 1897, he married Lilian Carter, the daughter of Thomas Lane Carter of

New Orleans New Orleans (commonly known as NOLA or The Big Easy among other nicknames) is a Consolidated city-county, consolidated city-parish located along the Mississippi River in the U.S. state of Louisiana. With a population of 383,997 at the 2020 ...

Louisiana Louisiana ( ; ; ) is a state in the Deep South and South Central regions of the United States. It borders Texas to the west, Arkansas to the north, and Mississippi to the east. Of the 50 U.S. states, it ranks 31st in area and 25 ...

, US. They had two sons and two daughters, the elder son Theodore killing himself in 1917 and the younger being Alfred Lane Beit.

References

External links

* {{DEFAULTSORT:Beit, Otto British mining businesspeople Emigrants from the German Empire to the United Kingdom Randlords 19th-century German Jews English art collectors German art collectors 1865 births 1930 deaths British philanthropists German philanthropists British stockbrokers German stockbrokers Baronets in the Baronetage of the United Kingdom Fellows of the Royal Society (Statute 12) Businesspeople from Hamburg German Sephardi Jews Naturalised citizens of the United Kingdom British art collectors Knights Commander of the Order of St Michael and St George Beit family

Life history and career

Directorates and memberships

References

Further reading

External links