Daniel Guggenheim

Born: 
1856 to 1930

Born in Philadelphia, Daniel was an industrialist and philanthropist known for his acquisition of ASARCO and the management of the Guggenheim mining enterprise. During World War I, he and his son became aviation enthusiasts leading to the establishment of the Daniel Guggenheim Medal and the Daniel Guggenheim Fund for the Promotion of Aeronautics to recognize and stimulate research in aviation technology. As one of the most influential business leaders in America and one of the richest men in the world at the time, his fortunes rose from his exploitation of the Earth’s mineral resources and making them nearly exclusive to America. This style of management created an almost dictatorial opinion to the rest of the world, but eventually he made up for his harsh business practices through his humanitarian efforts. Mr. Guggenheim donated much of his money to universities, museums, and other institutions dedicated to the upward march of humanity. In the 1920s, Georgia Tech, as well as many other renowned engineering universities, benefitted as recipients of a grant via the Daniel Guggenheim Fund for the Promotion of Aeronautics which kick started much of the interest in Aviation and Aeronautics around the country.

Notable Accomplishments: 
  • Member of the National Security League
  • Founded Philadelphia Smelting and Refining Company (1888)
  • First Recipient of the Aeronautical Medal by the American Society of Mechanical Engineers (1929)