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Herbert Stern, 1st Baron Michelham
British financier, philanthropist (1851–1919) From Wikipedia, the free encyclopedia
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Herbert Stern, 1st Baron Michelham KCVO (28 September 1851 – 7 January 1919), known as Sir Herbert Stern, Bt, between July and December 1905, was a British financier, philanthropist and a member of the Stern banking family.
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Background
Stern was the son of Hermann de Stern (1815-1887), a German-born banker, head of the merchant bank Stern Brothers (London) and Portuguese baron (created 1864), and Julia Goldsmid.[1] He was the first cousin of Lord Wandsworth and Sir Edward Stern.
Career
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On his father's death, in October 1887, Stern inherited the Portuguese barony and a fortune of £2 million, which he substantially increased during his lifetime. He was a prominent philanthropist, contributing to the National Gallery and funding Adrian Jones' quadriga atop Wellington Arch via an anonymous donation of approximately £20,000.[2] During the First World War he acquired Hotel Astoria in Paris to be used as a hospital for British troops.[1] He was also involved in thoroughbred horse racing and is known for having bred Plucky Liege, one of the most important broodmares of the 20th century.[3]
Stern was created a Baronet, of Strawberry Hill in the Parish of Twickenham and County of Middlesex, in July 1905[4] and raised to the peerage as Baron Michelham, of Hellingly in the County of Sussex, in December of the same year.[5] He was elected an Alderman of the London County Council on 12 March 1907.[6]
Stern was elected a director of the Metropolitan District Railway Company on 6 October 1904, and held that position until resigning in February 1906.[7] He was elected a director of the Cambrian Railway Company in August 1905.
Lord Michelham was appointed a Knight Commander of the Royal Victorian Order (KCVO) in 1912.[8]
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Personal life
Stern married Aimee Geraldine Bradshaw on 28 July 1899.[9] She had been born on 20 March 1882, and was thus aged 17 at the time of this marriage.
Lord Michelham died at his London home, Prince`s Gate, on 7 January 1919,[10] aged 67, and was succeeded by his son, Herman Alfred (1900-1984).[1]
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