Henry Hoare (banker)
English banker, died 1725
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The basics
Quick Facts
| Intro | English banker, died 1725 | |
| Places | United Kingdom Great Britain England | |
| was | Financial professional Banker | |
| Work field | Finance | |
| Gender |
| |
| Birth | 1 January 1677 | |
| Death | 1 January 1725 (aged 48 years) |
The details
Biography
Henry Hoare I (1677–1725), known as Henry the Good, was an English banker and landowner.
Career
Born the son of Sir Richard Hoare, founder of C. Hoare & Co bankers, Henry the Good became a Partner in the bank in August 1702. Together with his father, he became a commissioner for the building of 50 new churches in London in 1711. Following his father's death in 1719, he managed the bank through the South Sea Bubble of 1720 making a profit of over £28,000 from the crisis. He acquired the Stourhead estate in 1717 but died before the new house there had been fully completed.
In 1702 he married Jane Benson; they had three children:
- Jane (d.1762)
- Henry Hoare II (1705-1785)
- Sir Richard Hoare, Lord Mayor of London 1745-46 (1709-1754)