Word: engelhard
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Dates: during 1960-1969
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Platinum King. Charles Engelhard took over, the family company, Engelhard Industries, Inc., from his father in 1950 and proceeded to build it into one of the world's largest refiners of precious metals (1959 net: $3,700,000). In the last decade he has expanded his total wealth from an estimated $65 million to more than $100 million. All this has earned him a title he hates: the Platinum King...
Operating out of an unpretentious brick building in Newark, surrounded by New Jersey's malodorous swamps, Charles W. Engelhard, 43, has built himself into one of the most powerful businessmen in South Africa. Last week came his biggest breakthrough: the diamond-and gold-mining aristocracy, headed by Harry Oppenheimer's De Beers companies, included him in the formation of a giant, $285.6 million investment company, the largest that has ever set up to develop South African industry...
...South Africans could hardly do otherwise. In the last 13 years Engelhard has elbowed his way into control of a vast gold-mining, timber and industrial empire, owns four companies, is chairman of five and a director of six others. Firmly on the inside of an investment preserve once dominated by British companies, he is holding open the door for more Americans to come in. To that end, plans call for listing the shares of the new investment company on the New York Stock Exchange...