Sassoon family, known as "Rothschilds of the East" due to the immense wealth they accumulated in finance and trade, are a family of Baghdadi Jewish descent.
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Sassoon family, known as "Rothschilds of the East" due to the immense wealth they accumulated in finance and trade, are a family of Baghdadi Jewish descent.
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The family name of Sassoon is commonly shared by many Armenian and Kurdish families and tribes who all originate from the mountainous district of Sason, west of Lake Van, in upper Mesopotamia in modern Turkey.
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Sassoon family cemented the family's dominant position in the Sino-Indian opium trade.
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An important Jewish banker named Sassoon family was hanged by the Ottoman Turks at the conclusion of the Siege of Kut al Amarah in April 1916.
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Joseph Sassoon family went to Aleppo, Syria, where he established a merchant house and later his business interests spread to Alexandria, Thessaloniki, and Athens, which included a shipping company and a money exchange house.
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In 1871 Moses' son Jacob Sassoon family was one of the largest cotton plantation owners in Egypt, and owned cotton mills; during the American civil war, his older brother Nissim had made a fortune exporting Egyptian cotton to England making him Egypt's largest cotton exporter.
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Eliau Sassoon family was a real estate investor and developer, who foresaw the unparalleled growth of Cairo and the lucrative effect such expansion would have on land values.
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In 1952 his grandson Eliau Nissim Eliau Joseph Sassoon family founded Banque Du Caire with Maurice Joseph Cattaui.
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Elias Sassoon family was Joseph Sassoon family's most influential and wealthiest descendant, in 1940 he was sent to Alexandria to attend the prestigious boarding school, Victoria College.
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Sassoon family later joined his family's business in 1946 where he worked for the family's business in Egypt.
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Elias Sassoon family was a devoted Zionist and considered the British anything but friends to the Jewish people because of their blockade in the Mediterranean to refugee vessels carrying Jewish refugees fleeing the horrors of World War II, and although to a lesser extent, he considered the British government as culpable nonetheless in the atrocities against world Jewry.
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In 1911, in an attempt to bring together British and German interests competing in the region, Sassoon family formed a consortium of British investors composed of banks and companies and formed the African and Eastern Concession Ltd.
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In 1953 Elias Sassoon used these networks of interests to expand his family's investment interests to include mining concessions in Africa.
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Elias Sassoon had established Sassoon Cattaui Investment Holding, a privately owned family hedge fund with Moise Cattaui in 1961 in Switzerland with assets from the Sassoon Family Trust, which had been formed in Lausanne, Switzerland in 1910.
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One daughter of the family, Rachel Sassoon Beer, joined her husband in running a number of British newspapers, including The Sunday Times and The Observer, which she edited.
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Those who settled in England, Sir Edward Albert Sassoon family, the son of Albert, married Aline Caroline de Rothschild, and was a Conservative member of Parliament from 1899 until his death.
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Sassoon family was mentioned in the Paradise Papers as one of the beneficiaries of a tax-exempt Cayman Island trust fund worth $236 million in 2007 and defended it as being of non-UK origin.
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Branch which carried on the rabbinical tradition has been represented by Rabbi Solomon David Sassoon family, who moved from Letchworth to London and then to Jerusalem in 1970.
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