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Bernard M. Baruch

Bernard Baruch
BARUCH, BERNARD 2.jpg
Born Bernard Mannes Baruch
(1870-08-19)August 19, 1870
Camden, South Carolina
Died June 20, 1965(1965-06-20) (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 (/bəˈrx/; 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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