Bernard M. Baruch
| Bernard Baruch | |
|---|---|
 |
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| Born |
Bernard Mannes Baruch August 19, 1870 Camden, South Carolina |
| Died | June 20, 1965 (aged 94) Manhattan, New York City |
| Nationality | American |
| Alma mater | City College of New York (B.A.) |
| Occupation | Financier, Stock Investor, Statesman, Political Consultant |
| Spouse(s) | Annie Griffin |
| Children |
Belle Baruch Bernard Baruch Jr. Renee Baruch |
| Parent(s) | Belle Wolfe Baruch Simon Baruch |
| Awards | Bernard Baruch Handicap at Saratoga Race Course |
Bernard Mannes Baruch (/bəˈruːx/; August 19, 1870 – June 20, 1965) was an American financier, , philanthropist, , and political consultant. After his success in business, he devoted his time toward advising U.S. Presidents Woodrow Wilson and Franklin D. Roosevelt on economic matters and became a philanthropist.
Bernard Baruch was born to a Jewish family on August 19, 1870 in Camden, South Carolina, to Belle (née Wolfe) and Simon Baruch, a physician. He was the second of four sons, including brothers Herman B. Baruch, Sailing Wolfe Baruch, and Hartwig Nathaniel Baruch.
In 1881 the family moved from Camden to New York City, where Bernard and his brothers attended local schools. He studied at and graduated from the City College of New York. Baruch married Annie Griffin, an Episcopalian, of New York. They had three children:Belle Baruch; Bernard Baruch Jr.; and Renee Baruch.
Baruch became a broker and then a partner in A.A. Housman & Company. With his earnings and commissions, he bought a seat on the for $19,000 ($552,960 in 2016 dollars). There he amassed a fortune before the age of 30 by profiting from speculation in the sugar market, at that time plantations were booming in Hawaii. By 1903 Baruch had his own brokerage firm and gained the reputation of "The Lone Wolf of Wall Street" because of his refusal to join any financial house. By 1910, he had become one of Wall Street's best-known financiers.
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