Jacob Henry Schiff (1847-1920)

Jacob Schiff, of Kuhn, Loeb & Co., Vice-President of the N.Y. Chamber of Commerce

He was the first Jew to venture into the most tightly guarded realm of Wall Street business: railroad financing. He succeeded in winning the Chicago & Northwestern Railroad as well as the Pennsylvania Railroad as clients and in importance as a financier he was soon regarded as second only to J.P. Morgan - an incredible feat for a self-made Jewish immigrant. To his already impressive client list, he went on to add Westinghouse Electric, Western Union, the U.S. Rubber Company, and American Smelting & Refining. While he was notoriously gruff, a tyrannical father, and permanently unamused, he never failed to donate 10% of his income to charity, making him the pre-eminent Jewish philanthropist of his generation. He married Therese, daughter of Solomon Loeb, founder of Kuhn, Loeb & Co., of which Schiff became senior partner. They had two children. Excepting his philanthropy, Schiff's only daughter married his polar opposite in character, Felix Warburg. Through his son, Schiff was great-great grandfather of Andrew Schiff who was married to Al Gore's daughter, Karenna.

In 1918, he came in at 23rd (tied with James B. Duke, George Eastman, Pierre S. Du Pont, Louis F. Swift, Julius Rosenwald, Mrs. Lawrence Lewis and Henry Phipps) on the first ever Forbes Rich List with an estimated personal fortune of $50-million.

Parents (2)

Moses Jacob Schiff

Moses Jacob Schiff, of Frankfurt, Germany

1810-1877

Clara (Niederhofheim) Schiff

Mrs Clara (Niederhofheim) Schiff

1817-1877

Spouse (1)

Therese (Loeb) Schiff

Mrs Therese (Loeb) Schiff

1854-1933

Children (2)

Frieda (Schiff) Warburg

Mrs Frieda "Fanny" (Schiff) Warburg

1876-1958

Mortimer Loeb Schiff

Mortimer Leo Schiff, of New York; President of the Boys Scouts of America

1877-1931

Associated Houses (1)

Jacob Schiff Mansion

Manhattan, New York