11 Facts About Daniel Guggenheim

Daniel Guggenheim was an American mining magnate and philanthropist, and a son of Meyer and Barbara Guggenheim.

Daniel Guggenheim was forced out in 1922 and retired to philanthropy to promote aviation.

Daniel Guggenheim's achievements include a system for innovation, as well as leadership in amicable labor relations, and major roles in aviation and rocketry.

Daniel Guggenheim was sent to Switzerland as a young man to study the Swiss lace and embroidery business, and to serve as a buyer for his father's import firm.

In 1884, Daniel Guggenheim returned to the US to help manage the family's booming mining and smelting business.

Daniel Guggenheim was named chairman of the board of ASARCO, and directed the trust until 1919.

The Daniel Guggenheim family amassed enormous wealth through their mining enterprises.

Long-simmering family disagreements reached a climax in 1922, when the older Daniel Guggenheim brothers were accused of milking ASARCO, which they controlled, for the benefit of their family business, Daniel Guggenheim Brothers.

Daniel Guggenheim died on September 28,1930, at his palatial home, Hempstead House, in Port Washington, New York.

Daniel Guggenheim sparked controversy in the district of Alaska from 1906 onward.

Daniel Guggenheim was approached by Stephen Birch, a wealthy miner with ambitions for the development of Alaska and its railroads, in regards to financing Birch's developing copper claims.