Word: barnato
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Biggest Tycoons: Solomon ("Solly") Barnato Joel and brother, Jack. Solomon is lord of the world's diamond industry, chairman of Johannesburg Consolidated Investment Co. Ltd., potent South African holding company whose shares are known in London as "Johnnies...
Diamond men reviewing these statistics last week had every reason to be well pleased. Of these none should have been more so than Solomon ("Solly") Barnato Joel, ringleader and probably richest of the tycoons who form the Diamond Syndicate which, as everyone knows, controls the price and production of almost all the world's diamonds. But though Solly Joel may well have rejoiced in his 1929 profits he could not have forgotten that less than a month ago his Diamond Syndicate was ordered by the British Government to pay ?350,000 to a suing company. No matter how rich...
Most picturesque of diamond tycoons is Solly Joel. He and his two brothers, Jack and Woolf, left London's Petticoat Lane (now officially known as Middlesex Street) some 50 years ago, went diamond hunting in South Africa. Their maternal uncles, Harry and Barney Barnato had preceded them, had somehow garnered a few thousand pounds, bought some claims at Kimberley. Shortly thereafter the Barnatos and the Joels found themselves in the eclectic company of world's richest men. In 1884 Brother Jack was involved in the Illicit Buying Case, jumped bail in South Africa, returned to England where...
...Barney Barnato. Solomon ("Solly") Joel's re-emergence into the news revived interest in his dare-devil uncle, the late famed Barney Barnato, ne Isaacs, one-time Jewish peddler and contortionist on the streets of London, founder of the fabulous diamond fortune of the Joel and Barnato families which now totals at least $100,000,000. Young Barney drifted out to South Africa in the '70s when individual diggers spaded the surface soil and "panned" it for diamonds, each man with his own teetering sieve. Since "diamond earth" occurs in huge cones pointing downward, the diggers soon found...
Paradoxically Barney Barnato, who feared neither man nor the wild beasts of Africa, was bedeviled by two maladies: 1) a fantastic psychic dread that he might lose his millions and have to peddle in the streets again; 2) an incurable eczema which prickled him unbearably in warm weather. One day, as he was journeying from Africa to England, he leaped from the ship, drowned...