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Carl Frederik Tietgen

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Nationality  Danish

Name  Carl Tietgen
Carl Frederik Tietgen Kbenhavn Carl Frederik Tietgen
Born  19 March 1829 (1829-03-19) Odense
Resting place  Graveyard at Lyngby Church
Occupation  Industrialist, real estate developer
Known for  Foundation of numerous companies Completion of Frederik's Church
Died  October 19, 1901, Copenhagen, Denmark
Organizations founded  DFDS, Tuborg Brewery, GN Store Nord, Thingvalla Line

Carl Frederik Tietgen (19 March 1829 – 19 October 1901) was a Danish financier and industrialist. The founder of numerous prominent Danish companies, many of which are still in operation today, he played an important role in the industrialisation of Denmark. Notably also forming conglomerates, several of Tietgen's companies attained a monopoly-like status, which cemented their durability.

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Carl Frederik Tietgen ESTATUA CARL FREDERIK TIETGEN EN COPENHAGUE DINAMARCA

A dedicated Grundtvigian, Tietgen made the completion of the Marble Church which he financed at his own expense.

Carl Frederik Tietgen httpsuploadwikimediaorgwikipediacommonsthu

Early life and career

Carl Frederik Tietgen CF Tietgen Gyldendal Den Store Danske

Tietgen was born on 19 March 1829 in Odense, the son of a manager of a social club for the local bourgeoisie where he helped out throughout his childhood. After finishing his commercial apprentice, he worked in the United Kingdom for five years, settling in Manchester, England. He also traveled to northern Germany, Norway and Sweden. In the United Kingdom, Tietgen gained experience in private banking, an industry still in its infancy in Denmark at that time.

Foundation of Privatbanken

Carl Frederik Tietgen Dines Bog CF Tietgen Privatbanken

Back in Denmark, he founded a Wholesale business, C.F. Tietgen & Co, at Copenhagen's Gammeltorv Market in 1855, but this career did not last long. In 1857, after his involvement as curator in a bankruptcy had demonstrated a remarkable eye for economy and strategic thinking, he was invited to join the management of Privatbanken Bank which under him developed into Denmark's first investment bank. He also introduced the cheque to Denmark.

Carl Frederik Tietgen Kbenhavn Carl Frederik Tietgen

This enabled him to financially carry out his numerous investments and startups. Occasionally he also invested his own money in projects.

Founded companies

  • Det Store Nordiske Telegraf-Selskab (1868)
  • The companies founded or co-founded by Tietgen include:

  • De Danske Sukkerfabrikker (1872)
  • B&W (1872)
  • Thingvalla Line (1879)
  • De Danske Spritfabrikker (1881)
  • KTAS (1882)
  • Det Forenede Dampskibs-Selskab (1866 )
  • Tuborg
  • Philanthropist

    Tietgen was also to some extent a philanthropist, notably paying for the completion of Marble Church. He also built Taarbæk Church on the Øresund coast north of Copenhagen.

    Personal life

    Tietgen married 19-year-old Laura Charlotte Jørgensen on 8 August 1855 in Vejstrup on the island of Funen.

    Tietgen suffered partial paralysis following a minor brain hemorrhage in 1896. He was weakened for the last years of his life, causing him to retire from most of his positions. Tietgen died in the evening of 19 October 1901; a memorial ceremony took place at the Marble Church on 25 October. He was buried in Lyngby on 29 October 1901.

    References

    Carl Frederik Tietgen Wikipedia


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