Otto Beit

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Sir Otto Beit in his study at Belgrave Square by William Orpen, 1913, Johannesburg Art Gallery
49 Belgrave Square, Beit's London house

Sir Otto John Beit, 1st Baronet, KCMG, FRS[1] (7 December 1865 – 7 December 1930) was a German-born British financier, philanthropist and art connoisseur.[2]

Life history and career

Beit was born in

stockbroking firm of Wernher, Beit & Co., in which his brother Alfred Beit, was a partner. In 1890 he left for South Africa to gain experience in the diamond industry. He remained for six years and played an active role in the development of Rand Gold Mines and became a member of Hermann Eckstein
's firm, H. Eckstein & Co.

Despite playing a prominent part in the Witwatersrand gold industry, he returned to London, partly because he did not want to confine his interests solely to financial activities, but also to cultivate his scientific, artistic and cultural tastes. He became a naturalised British citizen in 1896.

He fell under the spell of Cecil Rhodes's imperialist vision and was his house-guest at the time of the Jameson Raid. On his return to London, he followed for a few years the career of stockbroker and continued with his interest in the mining industry until the death of his brother Alfred, after which he retired and devoted himself for the remainder of his life to philanthropy.

Directorates and memberships

Director, Rhodesia Railways Ltd; Member, Governing Body of

Royal Institute of International Affairs
.

Sir Otto John Beit, 1st Baronet

He administered both the Rhodes Trust and the Beit Trust, through which he became involved in land settlement schemes in Southern Africa. He served as director of the

Imperial College, London. A plaque depicting him by Omar Ramsden is situated in the Beit Quad entrance. He was a generous benefactor of the Johannesburg Art Gallery, and more so with his gifts to the University of Cape Town, of which he turned the first sod in 1920. King Edward's Hospital Fund received £50,000 from Beit in 1928 for the purchase of radium
.

He was no less generous to public collections in the United Kingdom, helping the

Otto Beit Medal
.

He received an Honorary

(FRS) in 1924.

On 27 May 1897, he married Lilian Carter, the daughter of Thomas Lane Carter of

Alfred Lane Beit
.

References

Further reading

  • Standard Encyclopaedia of Southern Africa Vol.2 (Nasou, Cape Town 1970)

External links

Baronetage of the United Kingdom
New creation Baronet
of Tewin Water
1924–1930
Succeeded by
Alfred Lane Beit