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{{Short description|American investment banker}}
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{{Infobox Person
{{Use mdy dates|date=February 2024}}
{{for multi|the member of the North Carolina House of Representatives|Philip A. Lehman|the graffiti artist and music producer|Phillip Lehman}}
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{{Infobox person
|name = Philip Lehman
|name = Philip Lehman
|image =
|image =
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|known_for = [[Art Collector]]
|known_for = [[Art Collector]]
|occupation = [[Investment banker]]
|occupation = [[Investment banker]]
|nationality = [[United States]]
|nationality = American
|spouse = {{Marriage|Carrie Lauer|1884|1937|reason=died}}
|children = [[Robert Lehman]] (1891–1969)
|parents = [[Emanuel Lehman]]<br> Pauline Sondheim
|relatives = [[Lehman family]]
}}
}}


'''Philip Lehman''' (November 9, 1861 – March 21, 1947) was an American [[investment banker]].
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'''Philip Lehman''' (November 9, 1861 – March 21, 1947) was an [[United States|American]] [[investment banker]]. Born in New York City to Emanuel and Pauline (née Sondheim), his father, was a co-founder of [[investment bank]], [[Lehman Brothers]]. Philip became a partner in the family-owned firm in 1887 and was the firm's managing partner from 1901 to 1925. He was also the first chairman of the board of the Lehman Corporation.<ref>[http://select.nytimes.com/gst/abstract.html?res=FB0C10FA3C58147B93C0AB1788D85F438485F9&scp=2&sq=%22philip+lehman%22&st=p PHILIP LEHMAN, 85, NOTEDBAMER,DIES; Lehman Bros. Senior Partner, Cousin of Ex-Covernoru Was an Art Collector]</ref> Lehman was notable as one of the first financiers to recognize the potential of issuing stock as a way for new companies to raise capital.


== Biography ==
He married Carrie Lauer in 1885.<ref>[http://research.frick.org/directoryweb/browserecord.php?-action=browse&-recid=6752 The Frick Collection website: "Lehman, Philip, 1861-1947"] retrieved April 2, 2012</ref> They had a son [[Robert Lehman]] born in New York City in 1891.<ref>[http://oasis.lib.harvard.edu/oasis/deliver/~bak00042 Harvard University Archives: "Robert Lehman records, 1894-1994"] retrieved April 2, 2012</ref>
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Philip Lehman was born in New York City to [[Emanuel Lehman]] (1827–1907) and Pauline Sondheim (1843–1871). Emanuel was a co-founder of the now-defunct [[investment bank]], [[Lehman Brothers]]. Philip became a partner in the family-owned firm in 1887 and was the firm's managing partner from 1901 to 1925. He was also the first chairman of the board of the Lehman Corporation.<ref>{{cite news|title=Philip Lehman, 85, Noted Banker, Dies – Lehman Bros. Senior Partner, Cousin of Ex-Governor – Was an Art Collector|url=http://timesmachine.nytimes.com/timesmachine/1929/07/11/95977385.html?pageNumber=15|accessdate=April 17, 2016|work=[[New York Times]]|date=March 22, 1947|page=13}}</ref> Lehman was notable as one of the first financiers to recognize the potential of issuing stock as a way for new companies to raise capital.


Philip married Carrie Lauer (1865–1937) on January 3, 1884.<ref>[http://research.frick.org/directoryweb/browserecord.php?-action=browse&-recid=6752 The Frick Collection website: "Lehman, Philip, 1861–1947"] retrieved April 2, 2012.</ref> They had two children, Pauline (born 1887) and [[Robert Lehman]] (1891–1969).<ref>[http://oasis.lib.harvard.edu/oasis/deliver/~bak00042 Harvard University Archives: "Robert Lehman records, 1894–1994"] {{Webarchive|url=https://web.archive.org/web/20180703121922/http://oasis.lib.harvard.edu/oasis/deliver/~bak00042 |date=July 3, 2018 }} retrieved April 2, 2012.</ref> The family resided in a 5-story limestone mansion designed in 1899 by [[John H. Duncan]] on [[7 West 54th Street]], now known as the "Philip Lehman Mansion" and designated as a New York landmark in 1981.<ref>{{cite web |url=http://www.7west54.com/ |title=Philip Lehman Mansion, 7 West 54th Street |accessdate=June 19, 2013 |url-status=dead |archiveurl=https://web.archive.org/web/20131107195537/http://www.7west54.com/ |archivedate=November 7, 2013 }}</ref>
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Lehman began collecting major artworks in 1911, the bulk of which he willed to his son [[Robert Lehman|Robert]]. His collection today forms part of the exhibition in the Robert Lehman Wing at the [[Metropolitan Museum of Art]].


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Lehman began collecting major artworks in 1911, the bulk of which he willed to his son Robert. His collection today forms part of the exhibition in the Robert Lehman Wing at the [[Metropolitan Museum of Art]].
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==References==

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== References ==
{{Reflist}}
{{Reflist}}


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{{Lehman family}}
{{Lehman family}}


{{Authority control}}
{{Persondata <!-- Metadata: see [[Wikipedia:Persondata]]. -->

| NAME =Lehman, Philip
| ALTERNATIVE NAMES =
| SHORT DESCRIPTION =
| DATE OF BIRTH =November 9, 1861
| PLACE OF BIRTH =[[New York City]]
| DATE OF DEATH =March 21, 1947
| PLACE OF DEATH =[[New York City]]
}}
{{DEFAULTSORT:Lehman, Philip}}
{{DEFAULTSORT:Lehman, Philip}}
[[Category:1861 births]]
[[Category:1861 births]]
[[Category:1947 deaths]]
[[Category:1947 deaths]]
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[[Category:American bankers]]
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[[Category:American businesspeople]]
[[Category:American art collectors]]
[[Category:American art collectors]]
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[[Category:American investment bankers]]
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[[Category:Jewish American bankers]]
[[Category:American people of German-Jewish descent]]
[[Category:American people of German-Jewish descent]]
[[Category:People from New York City]]
[[Category:Businesspeople from New York City]]
[[Category:Lehman Brothers people]]
[[Category:Lehman Brothers people]]
[[Category:Jewish art collectors]]

[[Category:Lehman family]]

[[Category:Trust Company of America people]]
{{US-business-bio-1860s-stub}}
[[Category:Jews from New York (state)]]

Latest revision as of 18:33, 13 February 2024

For the member of the North Carolina House of Representatives, see Philip A. Lehman. For the graffiti artist and music producer, see Phillip Lehman.
Philip Lehman
Born(1861-11-09)November 9, 1861
New York City
DiedMarch 21, 1947(1947-03-21) (aged 85)
New York City
NationalityAmerican
OccupationInvestment banker
Known forArt Collector
Spouse
Carrie Lauer
​
​
(m. 1884; died 1937)​
ChildrenRobert Lehman (1891–1969)
Parent(s)Emanuel Lehman
Pauline Sondheim
RelativesLehman family

Philip Lehman (November 9, 1861 – March 21, 1947) was an American investment banker.

Biography

[edit]

Philip Lehman was born in New York City to Emanuel Lehman (1827–1907) and Pauline Sondheim (1843–1871). Emanuel was a co-founder of the now-defunct investment bank, Lehman Brothers. Philip became a partner in the family-owned firm in 1887 and was the firm's managing partner from 1901 to 1925. He was also the first chairman of the board of the Lehman Corporation.[1] Lehman was notable as one of the first financiers to recognize the potential of issuing stock as a way for new companies to raise capital.

Philip married Carrie Lauer (1865–1937) on January 3, 1884.[2] They had two children, Pauline (born 1887) and Robert Lehman (1891–1969).[3] The family resided in a 5-story limestone mansion designed in 1899 by John H. Duncan on 7 West 54th Street, now known as the "Philip Lehman Mansion" and designated as a New York landmark in 1981.[4]

Lehman began collecting major artworks in 1911, the bulk of which he willed to his son Robert. His collection today forms part of the exhibition in the Robert Lehman Wing at the Metropolitan Museum of Art.

References

[edit]
  1. ^ "Philip Lehman, 85, Noted Banker, Dies – Lehman Bros. Senior Partner, Cousin of Ex-Governor – Was an Art Collector". New York Times. March 22, 1947. p. 13. Retrieved April 17, 2016.
  2. ^ The Frick Collection website: "Lehman, Philip, 1861–1947" retrieved April 2, 2012.
  3. ^ Harvard University Archives: "Robert Lehman records, 1894–1994" Archived July 3, 2018, at the Wayback Machine retrieved April 2, 2012.
  4. ^ "Philip Lehman Mansion, 7 West 54th Street". Archived from the original on November 7, 2013. Retrieved June 19, 2013.
[edit]
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