Phipps family
Encyclopedia
The Henry Phipps family of the United States
was founded by Henry Phipps, Jr., the son of an English
shoemaker who emigrated in the early part of the 19th century to Philadelphia, Pennsylvania
before settling in Pittsburgh
. When a child, Henry Phipps was a friend and neighbor to Andrew Carnegie
. As an adult, he was Carnegie's business partner in Carnegie Steel Company
and became a very wealthy man as the company's second largest shareholder and investments in real estate
. After selling his stock in Carnegie Steel, Phipps became a leading advocate of housing for the poor and a major philanthropist
. He believed that those who have achieved great wealth should give back for the public good and create institutions dedicated to that purpose.
In 1907, Henry Phipps established Bessemer Trust Company
to manage his substantial assets that would be shared by his offspring following his death. By 1974, Bessemer Trust Company had developed an expertise in wealth management
that allowed it to take on other clients through the creation of a national bank
headquartered in New York City
.
Henry Phipps was one of the pioneer investors in Florida
real estate. At one time, he and his family owned one-third of the town of Palm Beach
, 45 kilometres of oceanfront between Palm Beach and Fort Lauderdale, prime bayfront property in downtown Miami, and 120 km² of land in Martin County
. The Phipps family donated to the town of Palm Beach one of the most significant gifts in county history: an ocean-to-lake frontage property that is now known as Phipps Park.http://www.smh.com.au/articles/2002/04/29/1019441344142.html
The Phippses like many other American dynasties have country seats in Old Westbury, New York
on the Gold Coast, the stretch of land on the North Shore of Long Island that once held the greatest concentration of wealth and power in America. One residence was donated to the public and became Old Westbury Gardens.
Gladys Mills Phipps, daughter of Darius Ogden Mills
and wife of Henry Carnegie Phipps, was prominent among horse breeders
and owners in American Thoroughbred
horse racing
as were her son and daughters and several grandchildren.
Family members include:
Allied members include:
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
was founded by Henry Phipps, Jr., the son of an English
England
England is a country that is part of the United Kingdom. It shares land borders with Scotland to the north and Wales to the west; the Irish Sea is to the north west, the Celtic Sea to the south west, with the North Sea to the east and the English Channel to the south separating it from continental...
shoemaker who emigrated in the early part of the 19th century to Philadelphia, Pennsylvania
Philadelphia, Pennsylvania
Philadelphia is the largest city in the Commonwealth of Pennsylvania and the county seat of Philadelphia County, with which it is coterminous. The city is located in the Northeastern United States along the Delaware and Schuylkill rivers. It is the fifth-most-populous city in the United States,...
before settling in Pittsburgh
Pittsburgh, Pennsylvania
Pittsburgh is the second-largest city in the US Commonwealth of Pennsylvania and the county seat of Allegheny County. Regionally, it anchors the largest urban area of Appalachia and the Ohio River Valley, and nationally, it is the 22nd-largest urban area in the United States...
. When a child, Henry Phipps was a friend and neighbor to Andrew Carnegie
Andrew Carnegie
Andrew Carnegie was a Scottish-American industrialist, businessman, and entrepreneur who led the enormous expansion of the American steel industry in the late 19th century...
. As an adult, he was Carnegie's business partner in Carnegie Steel Company
Carnegie Steel Company
Carnegie Steel Company was a steel producing company created by Andrew Carnegie to manage business at his steel mills in the Pittsburgh, Pennsylvania area in the late 19th century.-Creation:...
and became a very wealthy man as the company's second largest shareholder and investments in real estate
Real estate
In general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...
. After selling his stock in Carnegie Steel, Phipps became a leading advocate of housing for the poor and a major philanthropist
Philanthropist
A philanthropist is someone who engages in philanthropy; that is, someone who donates his or her time, money, and/or reputation to charitable causes...
. He believed that those who have achieved great wealth should give back for the public good and create institutions dedicated to that purpose.
In 1907, Henry Phipps established Bessemer Trust Company
Bessemer Trust
Bessemer Trust is a wealth management and investment advisory firm established in 1907 by Henry Phipps, a partner of Andrew Carnegie in the Carnegie Steel Company. From 1907 to 1974 the private company managed the substantial assets of the Phipps family and was headed by a family member...
to manage his substantial assets that would be shared by his offspring following his death. By 1974, Bessemer Trust Company had developed an expertise in wealth management
Wealth management
Wealth management is an investment advisory discipline that incorporates financial planning, investment portfolio management and a number of aggregated financial services...
that allowed it to take on other clients through the creation of a national bank
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...
headquartered in New York City
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
.
Henry Phipps was one of the pioneer investors in Florida
Florida
Florida is a state in the southeastern United States, located on the nation's Atlantic and Gulf coasts. It is bordered to the west by the Gulf of Mexico, to the north by Alabama and Georgia and to the east by the Atlantic Ocean. With a population of 18,801,310 as measured by the 2010 census, it...
real estate. At one time, he and his family owned one-third of the town of Palm Beach
Palm Beach, Florida
The Town of Palm Beach is an incorporated town in Palm Beach County, Florida, United States. The Intracoastal Waterway separates it from the neighboring cities of West Palm Beach and Lake Worth...
, 45 kilometres of oceanfront between Palm Beach and Fort Lauderdale, prime bayfront property in downtown Miami, and 120 km² of land in Martin County
Martin County, Florida
Martin County is a county in the U.S. state of Florida. As of 2000, the population was 126,731. The U.S. Census Bureau 2008 estimate for the county is 138,660. Its county seat is Stuart, Florida.- History :...
. The Phipps family donated to the town of Palm Beach one of the most significant gifts in county history: an ocean-to-lake frontage property that is now known as Phipps Park.http://www.smh.com.au/articles/2002/04/29/1019441344142.html
The Phippses like many other American dynasties have country seats in Old Westbury, New York
Old Westbury, New York
Old Westbury is a village in Nassau County, New York on the North Shore of Long Island. As of the 2010 United States Census, the village population was 4,671....
on the Gold Coast, the stretch of land on the North Shore of Long Island that once held the greatest concentration of wealth and power in America. One residence was donated to the public and became Old Westbury Gardens.
Gladys Mills Phipps, daughter of Darius Ogden Mills
Darius Ogden Mills
Darius Ogden Mills was a prominent American banker, philanthropist and, for a time, California's wealthiest citizen.-Biography:...
and wife of Henry Carnegie Phipps, was prominent among horse breeders
Horse breeding
Horse breeding is reproduction in horses, and particularly the human-directed process of selective breeding of animals, particularly purebred horses of a given breed. Planned matings can be used to produce specifically desired characteristics in domesticated horses...
and owners in American Thoroughbred
Thoroughbred
The Thoroughbred is a horse breed best known for its use in horse racing. Although the word thoroughbred is sometimes used to refer to any breed of purebred horse, it technically refers only to the Thoroughbred breed...
horse racing
Horse racing
Horse racing is an equestrian sport that has a long history. Archaeological records indicate that horse racing occurred in ancient Babylon, Syria, and Egypt. Both chariot and mounted horse racing were events in the ancient Greek Olympics by 648 BC...
as were her son and daughters and several grandchildren.
Family members include:
- Henry PhippsHenry PhippsHenry Phipps, Jr. was an American entrepreneur and major philanthropist.-Biography:He was the son of an English shoemaker who emigrated in the early part of the 19th century to Philadelphia, Pennsylvania before settling in Pittsburgh. When a child, he was a friend and neighbor to Andrew Carnegie...
(1839-1930) - John Shaffer PhippsJohn Shaffer PhippsJohn Shaffer Phipps was an American lawyer and businessman who was an heir to the Phipps family fortune and a shareholder of his father-in-law's Grace Shipping Lines. He was a director of the Hanover Bank, U.S. Steel Corp. and W. R...
(1874-1958) - Henry Carnegie PhippsHenry Carnegie PhippsHenry Carnegie Phipps was a sportsman and financier, and the owner of Wheatley Stables.-References:...
(1879-1953) - Gladys Mills PhippsGladys Mills PhippsGladys Livingston Mills Phipps was an United States socialite, sportsperson, and a thoroughbred racehorse owner and breeder who began the Phipps family dynasty in American horse racing...
(1883-1970) - Lillian Bostwick PhippsLillian Bostwick PhippsLillian Stokes Bostwick Phipps was an American socialite and owner of Thoroughbred steeplechase racehorses.-Biography:...
(1906-1987) - Ogden PhippsOgden PhippsOgden Phipps was an American stockbroker, court tennis champion and Hall of Fame member, thoroughbred horse racing executive and owner/breeder, and an art collector and philanthropist...
(1908-2002) - Ogden Mills PhippsOgden Mills PhippsOgden Mills "Dinny" Phipps is a retired American financier and prominent Thoroughbred racehorse industry executive and a Thoroughbred owner/breeder...
(b. 1940) - Cynthia Phipps (1945-2007)
Allied members include:
- Amy Phipps Guest (1876-1959)
- Raymond R. GuestRaymond R. GuestCommander Raymond Richard Guest OBE Commander Raymond Richard Guest OBE Commander Raymond Richard Guest OBE (November 25, 1907 – December 31, 1991 was an American businessman, thoroughbred race horse owner and polo player. He was United States Ambassador to Ireland.-Biography:...
(1907-1991) - Winston Frederick Churchill GuestWinston Frederick Churchill Guest-Biography:Winston Guest was the son of Frederick Guest, a British politician, and his wife, Amy Phipps, who was the daughter of American businessman and philanthropist Henry Phipps, Jr. Guest was born in 1906. He won the International Polo Cup in 1930, 1936 and 1939. He died in 1982 at Nassau...
(1906-1982) - Diana Guest Manning (1909-1994)
- Barbara Phipps Janney (1911-1987)
- Stuart Symington Janney III (b. 1948)
- Andrew EristoffAndrew EristoffAndrew P. Sidamon-Eristoff is a Republican Party politician from New York City who currently serves as New Jersey State Treasurer under Governor Chris Christie...
(b. 1963) - Randolph Hobson Guthrie III (b. 1967)