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Sassoon David Sassoon

British Indian businessman and banker From Wikipedia, the free encyclopedia

Sassoon David Sassoon
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Sassoon David Sassoon (August 1832 24 June 1867) was a British Indian Iraqi businessman, banker, and philanthropist. Sassoon was the first member of the Sassoon family to expand the family's business interests into England.[1]

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Biography

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Early life

Sassoon was born in August 1832 in Bombay, India.[2][3] He was a member of the Sassoon family. His father was David Sassoon (1792–1864), a leading trader of cotton and opium who served as the treasurer of Baghdad between 1817 and 1829, and his mother was Farha Hayim of Baghdad.[2] He suffered from poor health from infancy but travelled widely.[4]

He was educated in biblical and Talmudic lore in Baghdad.[3] He also spoke several Oriental languages with great fluency.[3]

Business career

He proceeded to Shanghai, where he conducted the mercantile operations of the Chinese branch of the firm of David Sassoon, Sons & Co.[3] He went to London in 1858, where he opened a bank on Leadenhall Street.[2][3] Sassoon was the first member of his family to expand the family's business to England.[1][5] The business grew exponentially during the American Civil War, as they suddenly became the main suppliers of cotton to British spinning mills and the British market.[2] Sassoon was later joined by his brother, Reuben, in the family's British business operations.[1]

Philanthropy

He served as president of a committee which had for its object the organization of an expedition to the Jews in China, Abyssinia, and the East. He was also a member of the council of Jews' College and of the committee of the Jews' Free School, which two institutions he munificently endowed.[2] He was also a warden of the Spanish and Portuguese Synagogue.[2] Sassoon also acted as examiner in Hebrew to the Jews' Free School in London.[5][6]

Personal life

At the age of 18, he married a cousin Farha Reuben (18381919) of Mumbai, daughter of Solomon Reuben Sassoon of Baghdad.[2] She later changed her name to Flora in England. They had four children giving rise to his grandchildren as follows:

  • Joseph Sassoon Sassoon (18551918); married Louise de Gunzburg, a daughter of Horace Günzburg
    • Sassoon Joseph Sassoon (1885–1922), army officer
    • Arthur Meyer Sassoon, army officer
    • Frederick Sassoon, army officer
    • four other grandchildren
  • Rachel Sassoon (later Beer) (1858–1927), newspaper editor; married Frederick Arthur Beer, son of Julius Beer[2]
  • Alfred Ezra Sassoon (18611895); married Theresa Thornycroft
    • Michael Thorneycroft Sassoon (1884–1969)
    • Siegfried Sassoon (1886–1967), war poet, writer and soldier
    • Hamo Watts Sassoon (1887–1915), army officer
  • Frederick Meyer Sassoon (18621889)
    • two granddaughters

They lived at Ashley Park in Walton-on-Thames, Surrey and equally at 17 Cumberland Terrace next to Regent's Park in St Pancras, London.[2] He died in 1867 in London, leaving an estate of £120,000 (equivalent to £13,420,000 in 2023).[2] Later, Flora moved to 37 Adelaide Crescent in Hove, East Sussex.[7]

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References

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