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The Henry Phipps family of the United Statesmarker was founded by Henry Phipps, Jr., the son of an Englishmarker shoemaker who emigrated in the early part of the 19th century to Philadelphia, Pennsylvaniamarker before settling in Pittsburghmarker. When a child, Henry Phipps was a friend and neighbor to Andrew Carnegie. As an adult, he was Carnegie's business partner in Carnegie Steel Company and became a very wealthy man as the company's second largest shareholder and investments in real estate. After selling his stock in Carnegie Steel, Phipps became a leading advocate of housing for the poor and a major philanthropist. He believed that those who have achieved great wealth should give back for the public good and create institutions dedicated to that purpose.

In 1907, Henry Phipps established Bessemer Trust Company to manage his substantial assets that would be shared by his offspring following his death. By 1974, Bessemer Trust Company had developed an expertise in wealth management that allowed it to take on other clients through the creation of a national bank headquartered in New York Citymarker.

Henry Phipps was one of the pioneer investors in Floridamarker real estate. At one time, he and his family owned one-third of the town of Palm Beachmarker, 45 kilometres of oceanfront between Palm Beach and Fort Lauderdalemarker, prime bayfront property in downtown Miamimarker, and 120 kmĀ² of land in Martin Countymarker. The Phipps family donated to the town of Palm Beach one of the most significant gifts in county history: an ocean-to-lake frontage property that is now known as Phipps Park.[349254]

The Phipps like many other Aristocratic American dynasties have country seats in Old Westbury, New Yorkmarker on the Gold Coast, the stretch of land on the North Shore of Long Island that once held the greatest concentration of wealth and power in America. One residence was donated to the public and became Old Westbury Gardens.

Gladys Mills Phipps, daughter of Darius Ogden Mills and wife of Henry Carnegie Phipps, was prominent among horse breeders and owners in American Thoroughbred horse racing as were her son and daughters and several grandchildren.

Family members include:

References



  • Bessemer Trust Co., 630 5th Ave, New York, NY 10111



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