Word: erleigh
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Dates: during 1940-1949
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...undergraduate at Cambridge, Norbert Stephen Erleigh was in a hurry to make a million pounds, then quit. Said Norby Erleigh: "I think it could be done swiftest in South Africa." A wealthy Rand pioneer's son, Erleigh had the financial backing; he soon picked up the mining experience. In 1933, he helped Abraham Sundel Hersov form the Anglo-Transvaal Investment Co., Ltd., and together they made a killing in Rand mines. But "Bob" Hersov was too cautious for bumptious, erratic Norby Erleigh. By 1935 Erleigh, then 32, had broken away from Anglovaal, and he had made his first million...
...Erleigh bought control of the New Union Goldfields Ltd., fixed his attention on the undeveloped Orange Free State, where he bought hundreds of leases and options on mining lands, including the fabulous Rooder and Main Reef Mines. The big money rolled in when other gold houses awoke to the richness of the Free State deposits and had to lease from Erleigh (TIME, April 29, 1946). Erleigh built up a South African empire of 152 companies-gold mines, diamond fields, coal mines, rubber factories, hotels and cinemas-valued at some...