Carl Frederik Tietgen

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Carl Frederik Tietgen (19 March 1829 – 19 October 1901) was a Danish financier and industrialist. He played an important role in the industrialisation of Denmark as the founder of numerous prominent Danish companies, many of which are still in operation today. Tietgen notably formed conglomerates, thus several of Tietgen's companies attained monopoly-like status, cementing their durability.^[1]

Tietgen was a dedicated Grundtvigian, and financed the completion of the Marble Church at his own expense.

Early life and career

Tietgen was born on 19 March 1829 in Odense, the son of a social club manager catering to the local bourgeoisie. He helped his family out at the club throughout his childhood. After finishing his commercial apprenticeship, he worked in the United Kingdom for five years, and settled in Manchester, England. During that time he also traveled to northern Germany, Norway and Sweden. In the United Kingdom Tietgen gained experience in private banking, which at that time in Denmark was an industry still in its infancy.^[1]

Career at Privatbanken

Upon returning to Denmark Tietgen founded a wholesale business, C.F. Tietgen & Co., at Copenhagen’s

In the span of four decades as head of Privatbanken, Tietgen created and consolidated a large number of companies, and gained control of major companies in several industrial sectors.

In the transportation industry Tietgen developed several railroads, capitalized Burmeister & Wain as well as Svitzer in 1872. He created Det Forenede Dampskibs-Selskab as a merger of several smaller operators and in 1880 founded Thingvalla Line.

Tietgen created several companies in the telegraph and telecommunications sector. He founded

In 1872 Tietgen formed

In 1869 Tietgen cofounded Banque de Paris with a group of European bankers, which in 1872 merged to form Paribas.

Tietgen was a major force and a European pioneer in industrial consolidation. Tietgen would merge several competing companies in a given industry, creating large publicly traded stock companies. Privatbanken would become a major shareholder in the new company, as would a circle of business associates and Tietgen himself.

He retired from Privatbanken in 1896, after suffering a stroke in Paris in 1894.

Founded companies

• Det Store Nordiske Telegraf-Selskab
  (1868)

The companies founded or co-founded by Tietgen include:

• De Danske Sukkerfabrikker (1872), today part of Danisco
• B&W (1872)
• Thingvalla Line (1879)
• De Danske Spritfabrikker (1881), today part of Danisco
• KTAS
  (1882)
• Det Forenede Dampskibs-Selskab (1866)
• Tuborg Brewery

Philanthropist

Tietgen was also to some extent a

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

Tietgen suffered partial

• Gustav Adolph Hagemann

Further reading

• (in Danish) Lange, Ole. Stormogulen: CF Tietgen, en finansmand, hans imperium og hans tid 1829–1901. Copenhagen: Gyldendal, 2006.
  ISBN 87-02-05278-4
  .
• (in Danish) Marstrand, Jacob. CF Tietgen: Et Livsbillede fra det nittende Aarhundrede. 3rd ed. Copenhagen: Gyldendal, 1929.

External links

Wikimedia Commons has media related to Carl Frederik Tietgen.

• Biography (in Danish)