Julius Philipp Explained

Birth Name:Julius Philipp
Birth Date:1 March 1878
Birth Place:Hamburg, German Empire
Death Place:Bergen-Belsen concentration camp, Nazi Germany
Known For:Co-founder of Philipp Brothers
Occupation:Metal trader
Family:Oscar Philipp (brother)
Elliot Philipp (nephew)
Martha Bernays (cousin)

Julius Philipp (1 March 1878 – 15 March 1944) was a German-born metal trader who co-founded Philipp Brothers.

Biography

Julius Philipp was born to an Orthodox Jewish family in Germany.[1] He was a cousin to Martha Bernays, the wife of Sigmund Freud.[2] In 1901, he founded a small metal trading company in Hamburg, Germany.[3] In 1909, Philipp and his younger brother, Oscar Philipp established a metal trading company in London under the name of Philipp Brothers.[4] [5] [6] Julius continued to run the German operation out of Hamburg. In 1914, with the advent of World War I, Siegfried Bendheim, an apprentice, German citizen, and minor partner in Philipp Brothers, avoided internment by the British government by moving to New York City where he established Philipp Brothers, Inc. Oscar Philipp was not affected by the war as he had previously obtained British citizenship. In 1923, another apprentice and second cousin to Bendheim, Siegfried Ullmann, moved to the New York office. In 1934, Julius moved Philipp Brothers German operations to Amsterdam due to the rise of Nazi Germany. In 1944, he died in the Bergen-Belsen concentration camp. The New York office eventually became Philipp Brothers headquarters.

Notes and References

  1. Web site: Storli . Espen. Ludwig Jesselson (1910-1993). Immigrant Entrepreneurship. 30 August 2013 . 28 May 2018.
  2. Book: Berlin, Isaiah. Affirming: Letters 1975-1997. Vintage Digital. 7 September 2017. 978-1845952259.
  3. Web site: Meyer . Gregory . Rise and fall of a commodities powerhouse . Financial Times. 2 February 2015 .
  4. Web site: Phibro LLC: Private Company Information - BusinessWeek . Bloomberg . https://web.archive.org/web/20121008132533/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=4346852 . dead . 8 October 2012 . 19 December 2010.
  5. Web site: Phibro . Phibro . 24 December 2010.
  6. News: 10 Things You Didn't Know About Phibro and Andrew Hall . Wall Street Journal . Michael . Corkery . 9 October 2009.