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Oppenheimer family

From Wikipedia, the free encyclopedia

The Oppenheimer family is an Anglo–South African family best known for its longtime control of Anglo American and De Beers.[1] Ernest Oppenheimer, a German immigrant to Britain and later to South Africa, founded the Anglo American Corporation in 1917 to mine the Witwatersrand for gold.[2] He took control of De Beers in 1929 and became its chairman the same year, followed by his son Harry Oppenheimer in 1957 and his grandson Nicky Oppenheimer in 1998.[3][4]

In 2011, the family sold its remaining 40 per cent stake in De Beers to Anglo American for $5.1 billion in cash.[5] By that time the family's equity in Anglo American had fallen below 2 per cent.[6]

The Oppenheimer family residence is the Brenthurst Estate in Parktown, Johannesburg.

Family members

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See also

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References

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  1. ^ Pallister, David; Lepper, Ian (1988). South Africa Inc: The Oppenheimer Empire. Corgi Books. ISBN 978-0-552-13380-7.
  2. ^ "Gold & Diamonds: Passing the Scepter". TIME. 12 February 1951. Retrieved 20 December 2024.
  3. ^ Hocking, Anthony (1973). Oppenheimer and Son. McGraw-Hill. ISBN 978-0-07-091255-7.
  4. ^ "Nicky Oppenheimer & family". Forbes. Retrieved 20 December 2024.
  5. ^ "Anglo American buys Oppenheimer family stake in De Beers for $5.1 billion". The Telegraph. 4 November 2011. Archived from the original on 12 January 2022. Retrieved 10 October 2018.
  6. ^ "Oppenheimers sell part of Anglo stake". News24. 14 December 2010. Retrieved 20 December 2024.