Occupation Banker | Net worth £3,545,000 | |
Relatives David de Stern (brother)Sydney Stern, 1st Baron Wandsworth (nephew)David Lionel Goldsmid-Stern-Salomons (son-in-law) Children Herbert Stern, 1st Baron Michelham | ||
Baron Hermann de Stern (1815–1887) was a German-born British banker.
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Early life
Hermann de Stern was born in 1815 in Frankfurt, Grand Duchy of Frankfurt. He moved to London with his brother, David de Stern, in 1844.
Career
With his brother David, Hermann de Stern co-founded Stern Brothers, a financial institution based in London. According to the Jewish Encyclopedia, "Baron de Stern was principally connected with Portuguese finance, but he was prominently concerned also in floating the Danubian 7-per-cent loan of 1864, the Spanish mortgage loan, and the Italian tobacco-monopoly loan." Additionally, he served on the Board of Directors of the Imperial Bank, the Bank of Rumania, the London and San Francisco Bank, and the East London Waterworks Company. He also served on the Board of Directors of the London Banking Association.
De Stern received a title of baron from Portugal in 1869.
Personal life
De Stern was the owner of the Strawberry Hill House from 1883 to 1887, but he never lived there. He had a son, Herbert Stern, 1st Baron Michelham.
De Stern was associated with the Anglo-Jewish Association and of the Jews' Free School.
Death
De Stern died on October 20, 1887 in London. One of the wealthiest men of his time, he left an estate of £3,544,978 (equivalent to £2.38 billion in 2010).