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Sat 14 Oct 1933 - The Evening News (Rockhampton, Qld. : 1924 - 1941)
Page 3 - FORTUNE OF FIVE Millions
FORTUNE OF FIVEl
Millions
WORLD'S GREATEST GAMBLER
LEFT ONLY £5.
Edgar Cohen.
fTfHE will of the late Edgarlsraei
Cohen, who piled up a fortune
o £5,000,000, has been probated, in
London. He left £5.
He was called the world's greatest
gambler, and the luck he had with
hie ventures amazed everybody.
Everything he touched seemed to
turn to gold. He earned, spent, and
gave away millions, but still more
millions poured in for him.
Then, eight years ago, the crash
case. A big, forlorn figure, with a
drooping moustache, Cohen sat at
the table he had always kept , re
served at the grill of the Savoy, one
of London's fashionable hotels, and
told his friends as; he saw them, one
by one, that he didn't have a. penny
left
"t have lost every farthing," he
said. "Everything has gone, to smash.
1 am absolutely broke— finished."
Cohen moved from his mansion in
St- John's Wood and dropped out of
sight for eight years, until a short
time ago he died. .
He is remembered as the man who
gave London its taxicabs, who was
interested In a hundred' business,
enterprises, always something in
which there was a risk. He made
his money by gambling on a large
scale, by taking a chance on some
thing which he thought was promis
ing. When automobiles first came
in, he predicted that sooner or later
they would take the place of all the
'nomn-drawn cabs in London, and he
backed his belief with big sums of
money which brought him back ten
times the amount he had invested.
He spent his money as lavishly as
he made it. He startled London
with the splendour of his hospitality,
and he entertained the poor as well
as the rich. He used to send his
four daughters to walk along the
Thames . Embankment, where starv
ing aown-and-outers were always to
be found, and the girls passed out
08i fie to them which invited them to
come to Cohen's house in St. John'B
Wood and feaBtllke kings. In this
respect he. was like. Haroun-al-
Faschid, the caliph of Bagdad.
Cohen, kept open house at his man
sion, and all his friendb and acquaint,
ances were welcome to come at any
41ima n«rl . Krlflw all Iholr ATV.tl ' frlfilldS
and acquaintances they wanteds, to
bring. H1b parties drew the .most
famous- of the world's singers,
artists and actors/ including Enrico
Caruso,' who never failed to call on
Cohen whenever he visited Lonuon.
These parties made social history
for their brilliance and gaiety. Choice
foods were prepared by chefs, who
worked 24 hourB a day, and the old
est and finest wines that money could
buy were oh tap night and day.
Another famous feature of Cohen's
partieB were the card games which
were always going on for gueBts
who liked that sort of thing. Cohen
himself Into every project In which
life, in business if not at the card
table or the race track. He threw
himself Into every prject in which
there was a chance to make big
money, and the bigger the risk the
better he liked it.
His father had been in the sponge
business, and Cohen believed that if
he went Into it on the ptoper scale
and became a dominating "factor,. In
the world's' sponge trade he 'could
pile up a fortune for himself. That
I was his flrBt business venture, and
like scores of things he went Into
afterwards It' was a success.- He De-
came a director and leading figuie in
.the firm of D-. H. Evans, sponge im
porters. Later he bought In on
other big British concerns and her
came the founder of the General Mo
tor Cab Company, which filled . the.
London streets with taxicabs.
It was said of Cohen that no needy
man or woman ever appealed to him
for help and failed to get It. He was
generositv Itself, not just occasion
ally but all the time. He never re
vealed to anybody how he lOBt the
£5,000,000 fortune he was known to
possess just after the close of the
war: He said, he had lost it and
that was all there was to it, and it
was too late In life for him to stage
a comeback then. He moved into
poor quarters and all his rich friends
forgot him. But the poor never did.
Article identifier
http://nla.gov.au/nla.news-article198811380
Page identifier
http://nla.gov.au/nla.news-page21936989
APA citation
FORTUNE OF FIVE Millions (1933, October 14).The Evening News (Rockhampton, Qld. : 1924 - 1941), p. 3. Retrieved April 4, 2025, from http://nla.gov.au/nla.news-article198811380
MLA citation
"FORTUNE OF FIVE Millions"The Evening News (Rockhampton, Qld. : 1924 - 1941) 14 October 1933: 3. Web. 4 Apr 2025 <http://nla.gov.au/nla.news-article198811380>.
Harvard/Australian citation
1933 'FORTUNE OF FIVE Millions',The Evening News (Rockhampton, Qld. : 1924 - 1941), 14 October, p. 3. , viewed 04 Apr 2025, http://nla.gov.au/nla.news-article198811380
Wikipedia citation
{{cite news |url=http://nla.gov.au/nla.news-article198811380 |title=FORTUNE OF FIVE Millions |newspaper=[[The Evening News]] |issue=3752 |location=Queensland, Australia |date=14 October 1933 |accessdate=4 April 2025 |page=3 |via=National Library of Australia}}

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