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WordNet (r) 3.0 (2005)

n
1: United States philanthropist; son of Meyer Guggenheim who created several foundations to support the arts (1861-1949) [syn: Guggenheim, Solomon Guggenheim]
2: United States industrialist (born in Switzerland) who with his sons established vast mining and metal processing companies (1828-1905) [syn: Guggenheim, Meyer Guggenheim]

Britannica Concise

U.S. industrialists, father and son, who developed worldwide mining interests that yielded a vast fortune. Born in Switzerland, Meyer emigrated to the U.S. in 1847 and built an import firm specializing in Swiss embroideries. His investments in two Colorado copper mines in the 1880s were the foundation of extensive mining interests. His seven sons, especially Daniel, built a large organization of smelting and refining operations. In 1901 the Guggenheims merged their holdings with the Amer. Smelting and Refining Co., a trust composed of the country's largest metal-processing plants. Daniel directed the trust until 1919 and acquired mines throughout the world. Philanthropies include the John Simon Guggenheim Memorial Foundation (1925) to award fellowships to artists and scholars studying abroad, and the Solomon R. Guggenheim Foundation (1937), which oversees New York's Guggenheim Museum and the Guggenheim Collection in Venice. See also S. Guggenheim.





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