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Philip Lehman
American investment banker

Philip Lehman

Philip Lehman
The basics

Quick Facts

Intro American investment banker
Was Banker Financial professional Art collector Investment banker
From United States of America
Field Arts Business Finance
Gender male
Birth 9 November 1861, New York City
Death 21 March 1947, New York City (aged 85 years)
Family
Father: Emanuel Lehman
Children: Robert Lehman
Philip Lehman
The details (from wikipedia)

Biography

Philip Lehman (November 9, 1861 – March 21, 1947) was an American investment banker.

Biography

Philip Lehman was born in New York City to Emanuel Lehman (1827–1907) and Pauline Sondheim (1843–1871). Emanuel was a co-founder of the now-defunct investment bank, Lehman Brothers. Philip became a partner in the family-owned firm in 1887 and was the firm's managing partner from 1901 to 1925. He was also the first chairman of the board of the Lehman Corporation. Lehman was notable as one of the first financiers to recognize the potential of issuing stock as a way for new companies to raise capital.

Philip married Carrie Lauer (1865–1937) on January 3, 1884. Their son Robert Lehman (1891–1969) was born in New York City. The family resided in a 5-story limestone mansion designed in 1889 by John H. Duncan on 7 West 54th Street, now known as the "Philip Lehman Mansion" and designated as a New York landmark in 1981.

Lehman began collecting major artworks in 1911, the bulk of which he willed to his son Robert. His collection today forms part of the exhibition in the Robert Lehman Wing at the Metropolitan Museum of Art.

The contents of this page are sourced from Wikipedia article. The contents are available under the CC BY-SA 4.0 license.
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