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Within the black granite walls of the Stockholms Enskilda Bank is a coat of arms that bears a sober motto, borrowed from Aeschylus: Esse non Videri - to be, not to seem. In line with this injunction, the family that runs the bank has become the most powerful and wealthiest in Sweden, without seeming to be the fiscal princes they...

Author: /time Magazine | Title: Sweden: Seemly Success | 6/7/1963 | See Source »

Michael Straight. 46, has always had more cash, conscience and energy than he knew quite what to do with. Scion of one of America's wealthiest families (his mother was Harry Payne Whitney's sister), he has for years managed the family fortune with one hand and with the other espoused an assortment of causes, mostly forlorn. For 13 years he was editor, publisher and underwriter of the New Republic Magazine. In 1956 he resigned and turned to fiction...

Author: /time Magazine | Title: Books: Unadulterated Western | 4/12/1963 | See Source »

Appeals Endured. Harry Oppenheimer is the wealthiest and mightiest businessman in Africa. Besides his global hold over diamonds, Oppenheimer, through the Anglo American Corp. (of which he is also chairman), controls or holds substantial interests in a $2.4 billion empire of 150 gold, copper, uranium, coal, chemical, explosives and banking companies. A member of South Africa's Parliament for ten years, he left politics to run the business after his father's death in 1957. Because he controls South Africa's chief source of foreign exchange, and is a man with an international reputation, the nationalist government...

Author: /time Magazine | Title: Africa: King of Diamonds | 3/1/1963 | See Source »

...Kerr was born in an Oklahoma log cabin; he became the wealthiest member of the U.S. Senate. He could have bought Brooks Brothers out of the change in his pants pocket; but his baggy blue suits looked as if they had been ordered from a Montgomery Ward catalogue. He was a deeply Christian man who gave at least 30% of his vast wealth to the Baptist church; yet he felt no compunction whatever about using his Senate position to fight for tax laws that would enhance his own riches. He could be gentle; once, when a longtime Negro houseman...

Author: /time Magazine | Title: Nation: Death of a Senator | 1/11/1963 | See Source »

Died. Arthur Vining Davis, 95, terrible-tempered tycoon who ran up a fortune in aluminum and reinvested it in Florida industry, becoming one of the world's wealthiest men, worth an estimated $350 million; in Miami. With backing from Banker Brothers Andrew and Richard B. Mellon, Davis helped found Aluminum Co. of America in 1907 as the nation's first aluminum producer, became Alcoa president in 1910, board chairman in 1928, and ruling with desk-thumping autocracy, built Alcoa into an industrial giant with assets of $503 million before retiring from active management in 1948 to start...

Author: /time Magazine | Title: Milestones: Nov. 23, 1962 | 11/23/1962 | See Source »

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