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Britannica Money
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    Guggenheim, Meyer
    Meyer Guggenheim
    A candid photograph of American computer programmer and entrepreneur Bill Gates, smiling, taken in 2011.
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    John D. Rockefeller and his son, John D. Rockefeller, Jr.
    Rockefeller family

    Daniel Guggenheim

    American industrialist and philanthropist
    Written and fact-checked byThe Editors of Encyclopaedia Britannica
    The Editors of Encyclopaedia Britannica
    Encyclopaedia Britannica's editors oversee subject areas in which they have extensive knowledge, whether from years of experience gained by working on that content or via study for an advanced degree. They write new content and verify and edit content received from contributors.
    Updated:
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      Daniel Guggenheim.
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      Daniel Guggenheim.
      George Grantham Bain Collection /Library of Congress, Washington, D.C. (digital file no. 13729)
      born:
      July 9, 1856,Philadelphia, Pa., U.S.
      died:
      Sept. 28, 1930,Port Washington, N.Y. (aged 74)
      Notable Family Members:
      fatherMeyer Guggenheim

      Daniel Guggenheim (born July 9, 1856,Philadelphia, Pa., U.S.—died Sept. 28, 1930,Port Washington, N.Y.) was an American industrialist and philanthropist who oversaw the expansion of his family’s vastmining empire in the early 20th century.

      In 1891 his father,Meyer Guggenheim, consolidated about a dozen of the family’s mining operations into a trust known as theColorado Smelting and Refining Company. The trust acquired control of the American Smelting and Refining Company in 1901 and became the dominant force in the mining industry for the next three decades. Directing the trust until 1919 and exercising a dominant influence on it in the 1920s, Daniel Guggenheim expanded the family interests to include mines producing tin in Bolivia, gold inAlaska, copper in Utah, and diamonds in Africa, as well as nitrate fields in Chile and rubber plantations in what is now theDemocratic Republic of the Congo. His most notable philanthropies were the Daniel and Florence Guggenheim Foundation and the Daniel Guggenheim Foundation for the Promotion of Aeronautics.

      This article was most recently revised and updated byEncyclopaedia Britannica.

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