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Elias David Sassoon (27 March 1820 – 21 March 1880), an Indian merchant and banker born in Baghdad, was the second son of David Sassoon, an Iraqi-Indian philanthropist Jewish businessman involved in trade in India and the Far East, with branches at Calcutta, Shanghai, Canton, and Hong Kong; and his business, which included a monopoly of the ...
Sassoon's eight sons also branched out in many directions. The Sassoon family was heavily involved in the shipping and the opium trade in China and India. Elias David (1820–1880), his son by his first wife, had been the first of the sons to go to China, in 1844.
Jul 22, 2022 · In the early 19th century, however, rising antisemitism, stoked by the city’s new governor, caused Sassoon ben Saleh’s son, David Sassoon, to lead the family to the Persian Gulf, and from there to the booming British-controlled port of Bombay — today’s Mumbai.
Apr 5, 2023 · David, the son of Sheikh Sassoon bin Salih, was the former treasurer of the city's pasha and renowned as "the most important Jew in Baghdad". Furthermore, he served as the president of the Jews...
- Skill, Luck and Hard Work
- Eastern Rise, Western Fall
- Progress Squandered
- Waning Interest
David had luck: Bombay was the fast-growing commercial jewel in the crown of western India with the cotton and opium trade key to its prosperity. Moreover, he arrived in the city with his father’s carefully cultivated network of contacts among merchant families across the Ottoman Empire and Iran. But David also had skill. As Sassoon writes, he rega...
David’s commercial success, loyalty (in the Rebellion of 1857 David offered the British “the services of the whole Hebrew community” of Bombay), and philanthropy did not go unnoticed. In 1853, he was granted British citizenship in recognition of his services to the Empire (ironically, his English was poor and he signed his oath of allegiance to Que...
Nothing was preordained about this sorry outcome. When Suleiman, who had largely been running business operations outside of England, died in 1894, his remarkable wife Farha took the reins. Outgoing and assertive, she had already been accompanying her husband into the office in the years prior to his death and saw no reason why she shouldn’t now sl...
For a short period, Edward, the MP for Hythe, became chair. When he died in 1912, his son, Philip, was both elected to his former seat and would eventually assume the chairmanship of the company. But neither man was interested in, nor actively involved themselves in, the now listless family business. The exceedingly wealthy Philip — who was close t...
Jul 6, 2023 · Having fled Iraq in 1832 when the Mamluk rulers of the country increased its exactions on the Jewish community, the already wealthy family head David Sassoon (1792-1864) established himself, his family, and his businesses in Calcutta and Bombay, later adding Shanghai and Hong Kong to their outposts.
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Jul 5, 2023 · In an effort to dominate the opium trade, David sent his son, Elias David Sassoon, to scout out new customers. Opium became enormously lucrative for the Sassoons; a significant portion of their...
